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Wireless

Here sale prompts TomTom to consider options - report

Tuesday 4 August 2015 | 08:44 CET | News
Dutch mapping and navigation group TomTom is exploring options for a possible sale, after Nokia's sale of its Here division attracted interest from buyers, people familiar with the matter told Bloomberg. TomTom, which has a market capitalisation around USD 2.5 billion, is speaking to possible advisers about a sale, but no formal process has started yet, and TomTom may decide against pursuing a sale and instead focus on investments, the report said. "We're not talking to anybody about a sale," Richard Piekaar, a spokesman for TomTom, said. The day Nokia announced the sale of Here, shares in

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Categories: Mobile & Wireless
Companies: Nokia / TomTom
Countries: Netherlands / World
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