Although Nokia itself has not officially commented on the news yet, union sources and at least one government official have now come forward saying that th - From AndroidHeadlines.com |
The undersea cable network division in question, which is still known as Alcatel Submarine Networks (ASN), was valued at around $870 million as of the last valuation and obtained by Nokia in 2016 as part of the company’s acquisition of Alcatel.
The sources continued to say that Nokia has been discussing the sale of the division informally with “state and relevant stakeholders, including the staff.” Nokia’s been in the networking and mobile industries for a long time, so it stands to reason that they’d have built up assets that no longer suit the long-term goals of the company – or that were not important to the core business of the company from the outset.
The company also seems to be returning a substantial amount of its effort to the mobile market with recent releases of its Nokia 3, 5, and Nokia 6 devices.
However, it doesn’t seem as though any kind of deal or even the intention to sell will be announced anytime soon.
In light of the French government’s stance on the undersea cable network, Nokia will likely choose to take its time to ensure a clean break from responsibility for the networks.