Nokia completes sale of Alcatel Submarine Networks to France

Last June, Nokia announced the planned sale of ASN, simultaneously announcing the purchase of Infinera for $2.3 billion. Both transactions will allow the Finnish company to concentrate its activities in the network infrastructure segment. The corresponding business line consists of three divisions: Fixed Networks, IP Networks and Optical Networks.

Image source: ASN

With a number of mergers and acquisitions, ASN’s history dates back to the late 1800s. Modern Alcatel-Lucent was purchased by Nokia in 2015. In total, ASN has laid more than 750 thousand km of submarine cables around the world. The company’s fleet consists of seven specialized vessels. ASN is confident that the transition to the management of APE will allow the company to become a strong player in the global market under the patronage of the French state.

admin

Share
Published by
admin

Recent Posts

Bybit to Pay Up to $140 Million to Help Recover Stolen Funds

Hackers broke into Singapore-based crypto exchange Bybit this week, stealing more than $1.4 billion worth…

3 hours ago

Microsoft Unveils Redesigned Start Menu in Windows 11 with Automatic Program Grouping

Microsoft has officially confirmed changes to the Windows 11 Start menu regarding the All apps…

8 hours ago

Physicists Doubt Microsoft’s Majorana 1 Quantum Processor’s Performance on Majorana Fermions

There is an opinion among experts that the new topological quantum processor Microsoft Majorana 1…

9 hours ago

Google has begun to disable uBlock Origin en masse in Chrome due to the transition to Manifest V3

Some Chrome users have noticed that the uBlock Origin extension no longer works. The developers…

9 hours ago

Apple CEO Promises Trump to Invest Hundreds of Millions of Dollars in Developing Manufacturing in the U.S.

The directness of the current US President Donald Trump sometimes creates inconvenience for his partners,…

12 hours ago