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General

Nokia mulling sale of undersea cables unit - report

Thursday 4 May 2017 | 09:56 CET | News
Nokia is mulling the disposal of its undersea cables unit, which it does not see as a core business, Reuters reported, citing two union sources and another in the French government. The division, valued at about EUR 800 million, is one of the top suppliers of undersea cable networks in the world and was bought last year as part of Nokia's EUR 15.6 billion acquisition of Alcatel. At the time, the French government had said the unit was strategic, as it guarantees high-speed internet connections with overseas territories and African countries. It also plays a key role in cyber-surveillance and

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Categories: General
Companies: Alcatel / Nokia
Countries: World
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