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Nokia announced in April that it would buy Alcatel-Lucent ($17 billion) for 15.
6 billion euros
.
On October 6, Alan said that he would not sell the submarine cable division and that this business would be retained
.
The Arang submarine cable business has its own factories in Calais, France, and Greenwich, England, where the company produced its first transatlantic cable
in 1858.
Currently, Alang has 575,000 kilometers of fiber optic cables laid around the world, in addition to maintaining 330,000 kilometers of subsea systems
.
Because of the strategic importance of surveillance equipment in France, the French government wanted the French sovereign wealth fund to buy a stake
in the submarine cable business of Arang.
A spokesman for Alan said that the French government is not opposed to the acquisition of the submarine cable business by Nokia
.
The spokesman said: "We have been in communication with the government and they are aware of our decision
.
That will be part of our discussion, but there are no objections
yet.
”
Former CEO Michel Combes said in April that the submarine cable business would not be sold to Nokia and could be spun off into a private company or listed
separately.
Nokia announced in April that it would buy Alcatel-Lucent ($17 billion) for 15.
6 billion euros
.
On October 6, Alan said that he would not sell the submarine cable division and that this business would be retained
.
The Arang submarine cable business has its own factories in Calais, France, and Greenwich, England, where the company produced its first transatlantic cable
in 1858.
Currently, Alang has 575,000 kilometers of fiber optic cables laid around the world, in addition to maintaining 330,000 kilometers of subsea systems
.
Because of the strategic importance of surveillance equipment in France, the French government wanted the French sovereign wealth fund to buy a stake
in the submarine cable business of Arang.
A spokesman for Alan said that the French government is not opposed to the acquisition of the submarine cable business by Nokia
.
The spokesman said: "We have been in communication with the government and they are aware of our decision
.
That will be part of our discussion, but there are no objections
yet.
”
Former CEO Michel Combes said in April that the submarine cable business would not be sold to Nokia and could be spun off into a private company or listed
separately.
