The previously reported sale by Nokia of Alcatel Submarine Networks (ASN) was finalized on Dec. 31, 2024, with the business now officially owned by the French state.

Per multiple reports, the Nokia sale was to the French State, represented by the Agence des participations de l’État. Nokia has a 20% shareholding and board representation during the transition, with plans for the French State to acquire the remaining interest.

A subsidiary of Alcatel and later Alcatel/Lucent before its 2016 acquisition by Nokia in 2015, ASN notes at its website that the business has supplied 750,000 km of optical submarine systems globally