Nokia Corporation (NOK) recently inked a put option agreement with the French State for the divestiture of its submarine network business, Alcatel Submarine Networks (“ASN”). By selling ASN its non-core standalone business, Nokia is aiming to emphasize the growth potential in its core markets and improve the profitability of the Network Infrastructure business group. The deal, subject to formal consultation of ASN’s French Works Council, regulatory approvals and customary closing conditions, is expected to ...