Sept 30 (Reuters) - Nokia said on Monday it

had recorded an impairment loss of 514 million euros ($572.24

million) after selling its submarine networks business ASN.

In June, the Finnish network equipment maker sold the

segment to the French state for 350 million euros but said the

deal would not impact its financial outlook.

From the second quarter, the business will be presented as a

discontinued operation, Nokia said in a statement. It was

previously reported as part of the Network Infrastructure

operating segment in which Nokia expected a reduction of sales

by 1 billion euros.

($1 = 0.8982 euros)

(Reporting by Urvi Dugar; Editing by Devika Syamnath)