Nokia has finalized the sale of its submarine networks business, Alcatel Submarine Networks (ASN), to the French State. The transaction, completed on December 31, 2024, allows Nokia to concentrate on its core Network Infrastructure portfolio while maintaining a 20% shareholding in ASN to ensure a seamless transition.

This strategic move was first announced in June 2024 as a part of Nokia's initiative to reshape its business portfolio. ASN has been recognized as a successful standalone business, and the French government has committed to supporting its ongoing development and investment.

Nokia's decision to categorize ASN as a discontinued operation started in the second quarter of 2024, demonstrating its commitment to focus on growth within its primary markets. The sale comes alongside Nokia's planned acquisition of Infinera, further illustrating the company's active management of its business assets.

Under Nokia's stewardship, ASN has established itself as a leader in submarine communication networks, well-positioned to capitalize on the evolving subsea cables market. The French State has affirmed its intent to back ASN's management and strategy moving forward.