Nokia enters into an agreement with the French State regarding the sale of leading submarine networks business ASN
Nokia(NOK) GlobeNewswire News Room·2024-06-27 06:00
By divesting ASN, a non-core standalone business for Nokia, Nokia can focus its Network Infrastructure portfolio on growth opportunities in its core markets and further improve profitability of the Network Infrastructure business group. The transaction demonstrates Nokia's active management of its business portfolio, one of the company's six strategic pillars. Beginning with the second quarter, Nokia expects to account for ASN as a discontinued operation. Going forward, Nokia's Network Infrastructure Busine ...