# Nokia sells submarine networks business ASN to French state
Published: 2024-06-27
Category: News
Category URL: https://internationalreleases.com/category/news/
Meta Title: Nokia sells ASN submarine networks business to French state
Meta Description: Nokia agrees to sell ASN to French state for 350 million euros, but it won't impact financial outlook. Sales to reduce in Network Infrastructure Business by 1 billion euros. Sale expected to close by end of 2024.
URL: https://internationalreleases.com/nokia-sells-submarine-networks-business-asn-to-french-state/

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COPENHAGEN (Reuters) – Nokia on Thursday said it had agreed to sell its submarine networks business ASN to the French state for 350 million euros ($374 million), but that the deal would not impact its financial outlook.

Nokia expected the divestiture to reduce sales in its Network Infrastructure Business Group by 1 billion euros, it said.

The sale is expected to close at the end of 2024 or beginning of 2025, Nokia added.

($1 = 0.9352 euros)

(Reporting by Louise Breusch Rasmussen; editing by Jason Neely)


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