Nokia looks to sell undersea cable unit

PARIS: Finland’s Nokia plans to sell its undersea cable unit, a business that underpins the global Internet, said union and French government sources. The division, valued at about €800 million (RM3.8 billion), is one of the top suppliers of undersea cable networks in the world and was bought by the telecom equipment maker last year as part its €15.6 billion acquisition of French rival Alcatel. The company said, however, there was no urgency for the deal as no potential bidder had yet been identified. Agencies