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CORPORATE FORTUNES

Breaking: Nokia Offloads Submarine Networks Business

…Offers Recast Comparative Quarterly Financial Information By Oystein Bergmann, Bureau Chief, Scandinavia Nokia has just provided a recast comparative financial information for Nokia Group and Network Infrastructure segment for Q1 2024 and Q1-Q4 2023 reflecting the presentation of Submarine Networks business as discontinued operation, Cyber Era NG learns. On June...
CORPORATE METAMORPHOSIS

Nokia Enters Into An Agreement With The French State Regarding The Sale Of Leading Submarine Networks Business ASN

By Oystein Bergmann, Bureau Chief, Scandinavia Nokia today announced it has entered into a put option to sell Alcatel Submarine Networks (ASN), a leading submarine networks business, to the French State, represented by the Agence des participations de l'Etat (APE), subject to informing and consulting with the relevant employee representatives...
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