Nokia (GB:0HAF) has released an update.
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Nokia Corporation has provided updated financial information which reflects the reclassification of its Submarine Networks business as a discontinued operation following a sale agreement with the French State for EUR 350 million. The updated financial statements offer a recast of past quarters for a clearer comparison, showing an impairment loss of EUR 514 million due to the reclassification. The finalized sale is anticipated to conclude between the end of 2024 and the start of 2025.
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