Alcatel-Lucent fails to sell subsea cable unit
07 October 2015 |
Alcatel-Lucent has failed to sell its submarine networks division and now says the unit will be included in the €15.6 billion merger with Nokia, planned for 2016.
Following the announcement Bloomberg quoted an Alcatel-Lucent spokeswoman as saying: “We’re not satisfied with the options we have been given.” Bloomberg said that among the potential investors that had looked at ASN were Permira Advisers, PAI Partners and French sovereign fund FSI.
Earlier this month, ASN announced that it is to construct the Sonangol Offshore Optical Cable (SOOC) which will connect landing points across the coast of Angola.