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Nokia Networks might still sell its undersea cables unit – ASN

Rajeev-Suri-Nokia-CEO

Nokia or Nokia Networks acquired Alcatel-Lucent last year for $17 billion. Now as per Retuers, Nokia is still reviewing options for the ASN. That is, it might sell it off based on the strategic review. ASN stands for the Alcatel Submarine Networks, which was included Nokia’s Alcatel-Lucent acquisition.

Alcatel Submarine Networks (ASN) is the world’s only fully integrated provider of turnkey submarine network solutions. The division is one of the top suppliers of undersea cable networks in the world and is valued at 800 million euros ($944 million).

“We are still in the middle of our strategic review which we have set for ASN, so there’s no update,” Suri told a conference call.

There will be no impact of the sell-off on the consumer side of Nokia. Mobile phones and other smart products (Nokia Health) come from HMD Global and Nokia Technologies.

Source :

Reuters

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