WAGRAM acted as the exclusive financial advisor to the French State, represented by l’Agence des Participations de l’État (APE) which signed a put option attesting its intent to acquire a majority stake in Alcatel Submarine Networks (“ASN”) from Nokia (HLSE:NOKIA).
Based on an Enterprise Value of EUR 350 million, the transaction is subject to various regulatory approvals and other customary closing conditions.
As a highly strategic player of the modern digital infrastructure, ASN is a global leader in the design, manufacturing and deployment of telecom submarine cables, which represent a critical part of today’s digital infrastructure, supporting 99% of the total Internet traffic. ASN benefits from a unique and proprietary technology making it one of the few players globally capable of deploying long haul submarine optical communication systems over the globe. The company also provides solutions for the Energy and Defense sectors.
Based mainly in France, the company employs c. 2,000 people worldwide and generates sales over €1bn.
Wagram Corporate Finance
Advised in the sale of
Alcatel Submarine Networks (“ASN”) (80%)
to