Nokia completes its sale of leading submarine networks business, ASN Alcatel Submarine Networks, to the French State
Nokia announced the sale of ASN on 27 June 2024. The transaction allows Nokia to focus the portfolio of its Network Infrastructure business group while positioning ASN strongly to build on the transformation achieved while part of Nokia
- Focuses the portfolio of the Network Infrastructure business group.
- Ensures continued development of a strategic, market-leading French and European business.
- Nokia will retain a 20% shareholding and board representation until targeted exit to ensure a smooth transition.
Nokia announces that it has concluded the sale of Alcatel Submarine Networks (ASN), a leading submarine networks business, to the French State, represented by the Agence des participations de l’Etat. The transaction was completed on 31 December 2024. Nokia retains a 20% shareholding with board representation to ensure a smooth transition until targeted exit, at which point it is planned for the French State to acquire Nokia’s remaining interest.
With the sale of ASN, which is a successful, non-core standalone business, Nokia will be able to focus its Network Infrastructure portfolio on growth opportunities in its core markets. Together with the planned acquisition of Infinera – also announced in June 2024 – the divestment demonstrates Nokia’s active management of its business portfolio, one of the company’s six strategic pillars.
Beginning with the second quarter 2024, Nokia has accounted for ASN as a discontinued operation.
ASN is a French and global submarine communication networks leader, uniquely positioned in turnkey systems. It grew significantly under Nokia’s stewardship and is well positioned to continue benefiting from the growth of the large and attractive subsea cables market.
Recognizing the importance of ASN’s heritage, operations and relationships with its key stakeholders, the French State has made clear its full support for ASN’s management and strategy, and has agreed to maintain investment in the ASN business and to support the further sustainable development of its vertically integrated technology offering.
Related News.
Beyond Compliance to Uninterrupted Operations: Delia Shipping’s Konstantinos Stais on Maritime Cyber Resilience, LEO Expansion, and AI Governance
As the global maritime industry navigates an era of intense digital acceleration, the traditional boundaries separating shipboard operational…
Chinese AI quietly writes hackable code for Beijing’s Adversaries, even when run locally, study finds
Qwen3-Coder wrote hackable apps 19% more often for US defense contractors and leaked data 28% more often for Hong Kong activists, AI security firm…
Industry leaders launch world’s first maritime-specific cyber vulnerabilities database
Cydome, ClassNK, Bureau Veritas, MTS-ISAC and Rakuten Maritime announce the “Blue Initiative”, an open collaboration to improve maritime cyber…
Businesses increasingly adopt AI for cybersecurity while individuals expand privacy protections
As cyber threats grow and digital technologies become more pervasive, businesses are increasingly using AI to strengthen…
EmissionLink calls for EU ETS revenues to fund maritime carbon capture trials and port infrastructure
Maritime emissions specialist, EmissionLink, has called for a dedicated proportion of EU Emissions Trading System (EU ETS) revenues to be invested…
Port of Antwerp-Bruges sees strong recovery in container throughput in volatile trading environment
In the first nine months of 2026, Port of Antwerp-Bruges handled 200.9 million tonnes of goods, 0.8% less than in the same period last year.…
Sanctions risks reshape commodity trading
Traders face sanctions challenge “odyssey” as geopolitical risks reformat global markets Commodity traders are operating in an increasingly…
Titan analysis shows FuelEU pooling propelled liquefied biomethane demand
- Clean fuel supplier evaluates compliance for 8,000 TEU containership operating in Northern Europe - FuelEU Maritime balances competitiveness…
Russian diesel tanker heads to New York as Kremlin claims regular shipments
Malta-flagged tanker should carry 40,000 mt fuel Agioi Fanendes left Primorsk Oct. 22: CAS US lifts sanctions, enables Russian imports……
Pilot transfer operation: A safer step aboard
Safe pilot transfer operations depend on both correct procedures and fit-for-purpose equipment. New SOLAS requirements entering into force in…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
