Advertisement
Canada markets open in 6 minutes
  • S&P/TSX

    21,953.80
    +78.01 (+0.36%)
     
  • S&P 500

    5,509.01
    +33.92 (+0.62%)
     
  • DOW

    39,331.85
    +162.33 (+0.41%)
     
  • CAD/USD

    0.7327
    +0.0016 (+0.22%)
     
  • CRUDE OIL

    83.07
    +0.26 (+0.31%)
     
  • Bitcoin CAD

    82,125.76
    -3,652.70 (-4.26%)
     
  • CMC Crypto 200

    1,287.49
    -47.43 (-3.55%)
     
  • GOLD FUTURES

    2,362.00
    +28.60 (+1.23%)
     
  • RUSSELL 2000

    2,033.87
    +3.81 (+0.19%)
     
  • 10-Yr Bond

    4.4040
    -0.0320 (-0.72%)
     
  • NASDAQ futures

    20,218.00
    -37.25 (-0.18%)
     
  • VOLATILITY

    12.13
    +0.10 (+0.83%)
     
  • FTSE

    8,161.85
    +40.65 (+0.50%)
     
  • NIKKEI 225

    40,580.76
    +506.07 (+1.26%)
     
  • CAD/EUR

    0.6792
    -0.0008 (-0.12%)
     

Nokia sells submarine networks business ASN to French state

Nokia releases third quarter results

COPENHAGEN (Reuters) - Nokia on Thursday said it had agreed to sell its submarine networks business ASN to the French state for 350 million euros ($374 million), but that the deal would not impact its financial outlook.

Nokia expected the divestiture to reduce sales in its Network Infrastructure Business Group by 1 billion euros, it said.

The sale is expected to close at the end of 2024 or beginning of 2025, Nokia added.

($1 = 0.9352 euros)

(Reporting by Louise Breusch Rasmussen; editing by Jason Neely)