FMP
Jun 27, 2024 7:27 AM - Parth Sanghvi
Image credit: Ashutosh Singh Rana
Nokia has struck a deal to sell its submarine networks business, Alcatel Submarine Networks (ASN), to the French government. Here's a breakdown of the key details:
Nokia's Rationale:
Benefits for ASN:
Impact on Nokia Stock:
Overall, this deal signifies Nokia's strategic shift towards core network infrastructure and potentially positions ASN for continued growth under French state ownership.
Investor Takeaway:
Remember: Conduct your own research and consider your investment goals before making any decisions.
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