Nokia is still reviewing its options for the undersea cables unit, says CEO Rajeev Suri

Nokia is still reviewing its options for its undersea cables unit, a business that underpins the global Internet, chief executive Rajeev Suri said on 26 October.

Reuters reported in May that Nokia was planning to sell the ASN division , which is one of the top suppliers of undersea cable networks in the world and is valued at 800 million euros ($944 million).

“We are still in the middle of our strategic review which we have set for ASN, so there’s no update,” Suri told a conference call. Some analysts had expected a decision on the unit alongside the release of Nokia’s interim report released on 26 October.

The unit was bought by Nokia last year as part of its 15.6 billion-euro ($17 billion) acquisition of Franco-American rival Alcatel-Lucent.