Nokia (GB:0HAF) has released an update.
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Nokia has announced a recast of its financial information from previous quarters to reflect the Submarine Networks business as a discontinued operation. The company disclosed its intention to sell Alcatel Submarine Networks to the French state for €350 million, subject to customary conditions and regulatory approvals, with a targeted completion by early 2025. This strategic move involves a reclassification that has led to a €514 million impairment loss due to the revaluation of ASN’s assets and liabilities.
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