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Broadband

Alcatel-Lucent to keep submarine networks subsidiary

Wednesday 7 October 2015 | 09:04 CET | News
Alcatel-Lucent has announced that it will continue to operate Alcatel-Lucent Submarine Networks (ASN) as a wholly-owned subsidiary after its proposed merger with Nokia. ASN will continue to execute its strategic roadmap, strengthen its leadership in submarine cable systems for telecom applications and pursue further diversification into the oil and gas sector. The group had announced in July last year that it planned to pursue an IPO of its undersea cable business, with an expected listing in the first half of this year. ASN is headquartered in Villarceaux, France, with cable manufacturing

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Categories: Fixed
Companies: Alcatel-Lucent / Nokia
Countries: France
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