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Nokia sells Here to carmakers for EUR 2.8 bln

Published Monday 03 Aug 2015 | 08:26 CET
Nokia has reached an agreement to sell its digital mapping and location services business Here to a consortium of carmarkers for an enterprise value of EUR 2.8 billion. Audi, BMW and Daimler will pay a net price of just over EUR 2.5 billion, after compensation for certain liabilities at Here, Nokia said. The sale is expected to close in the first quarter of 2016. Nokia first announced plans to ...

Nokia sells Here to carmakers for EUR 2.8 bln

Published Monday 03 Aug 2015 | 08:26 CET Nokia has reached an agreement to sell its digital mapping and location services business Here to a consortium of carmarkers for an enterprise value of EUR 2.8 billion. Audi, BMW and Daimler will pay a net price of just over EUR 2.5 billion, after compensation for certain liabilities at Here, Nokia said. The sale is expected to close in the first quarter of 2016. Nokia first announced plans to ...

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A1 launches OTT TV service in Austria

Published 03 Aug 2015 13:42 CET | Austria
A1 Telekom Austria announced the introduction of A1 Now as part of its TV service. Users have access to 40 live TV channels as ...

Drillisch revenue surges to EUR 254 million in H1

Published 03 Aug 2015 10:32 CET | Germany
Drillisch has ended the first half of this year with strong results and increased the major performance indicators in comparison ...

AT&T unveils new mobile offers with DirecTV service

Published 03 Aug 2015 08:40 CET | United States
AT&T announced a new offer bundling TV and mobile services. From 10 August, customers can sign up for HD and DVR service for up ...

Brazil telecom services providers lay off 450,000 employees

Published 03 Aug 2015 17:48 CET | Brazil
Service providers for telecom operators in Brazil have laid off 450,000 people since the beginning of the year, according to the ...

Brazil grants Xiaomi tax breaks for smartphone production

Published 03 Aug 2015 17:44 CET | Brazil
Chinese manufacturer Xiaomi has received the official endorsement of Brazil's Ministry of Communications to gain access to the ...
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