Nokia (NOK) to Divest Submarine Business for Core Focus

ASN, a global leader in submarine communication networks, has witnessed significant revenue growth under Nokia's ownership. Recognizing the rich heritage and industry expertise of the ASN, the French State has committed to maintaining investment and support for its sustainable development. This will offer a stable platform for ASN to broaden its technology offerings and capitalize on the growing demand in the subsea cable market. The stock has declined 10.9% in the past year against the industry's growth of ...