Nokia announced the sale of ASN on 27 June 2024. The transaction allows Nokia to focus the portfolio of its Network Infrastructure business group while positioning ASN strongly to build on the transformation achieved while part of Nokia
- Focuses the portfolio of the Network Infrastructure business group.
- Ensures continued development of a strategic, market-leading French and European business.
- Nokia will retain a 20% shareholding and board representation until targeted exit to ensure a smooth transition.
With the sale of ASN, which is a successful, non-core standalone business, Nokia will be able to focus its Network Infrastructure portfolio on growth opportunities in its core markets. Together with the planned acquisition of Infinera – also announced in June 2024 – the divestment demonstrates Nokia’s active management of its business portfolio, one of the company’s six strategic pillars.