Will NOK's Non-Core Submarine Business Divestment Aid the Stock?

Nokia Corporation (NOK) recently completed the divestiture of its submarine networks business, Alcatel Submarine Networks (“ASN”), to the French State. Announced in June 2024, the non-core asset sale aligns with Nokia's ongoing strategy to enhance its financial position by focusing on core businesses and actively improving the profitability of its Network Infrastructure business group.  ASN, an industry leader with over 800,000 km of optical submarine systems globally, has grown significantly under Nokia’s ...