0
Wireless

Nokia completes Here sale earlier than expected

Friday 4 December 2015 | 12:43 CET | News
Nokia announced that it expects to complete the sale of its mapping division Here on 04 December, earlier than expected. The company is selling Here to a consortium of carmarkers, including Audi, BMW and Daimler. When the sale was first announced in August, closing was expected in the first quarter of 2016. Nokia is selling Here for EUR 2.8 billion in order to focus on its core business of network equipment, ahead of its planned merger with Alcatel-Lucent. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Nokia
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Duitse automakers zoeken partners voor Here

Published 03 Mar 2016 15:36 CET | World
De Duitse autofabrikanten Audi, BMW en Daimler voeren momenteel gesprekken met partijen die zouden willen samenwerken op het ...

Here appoints Cisco's Overbeek as CEO

Published 29 Feb 2016 08:19 CET | World
Mapping technology provider Here has appointed Edzard Overbeek aits new CEO, effective 1 March. Overbeek is currently Strategic ...

Here to use carmakers' data to develop real-time maps 

Published 07 Dec 2015 14:22 CET | World
Mapping technology provider Here has announced that it will be exploring the possibility of incorporating anonymised data from ...

Nokia closes sale of Here to carmakers' consortium

Published 04 Dec 2015 15:36 CET | World
Nokia has closed the sale of its mapping division Here to a consortium of leading automotive companies comprising Audi, BMW and ...

German regulator clears sale of Here to car makers

Published 06 Oct 2015 14:14 CET | Germany
Germany's Federal Cartel Office has approved the sale of Nokia's digital mapping and location services business Here to a ...

Nokia sells Here to carmakers for EUR 2.8 bln

Published 03 Aug 2015 08:26 CET | World
Nokia has reached an agreement to sell its digital mapping and location services business Here to a consortium of carmarkers for ...





Calendar   /   Industry Events

25 Jul Fiber Connect
26 Jul Orange Belgium Q2 2021
26 Jul Logitech fiscal Q1
26 Jul Calix Q2
26 Jul F5 fiscal Q3
27 Jul Alphabet Q2
27 Jul AudioCodes Q2 2021
27 Jul SK Hynix Q2
27 Jul A10 Networks Q2
27 Jul Corning Q2
27 Jul MediaTek Q2 2021
27 Jul NortonLifeLock fiscal Q1
27 Jul Microsoft fiscal Q4
27 Jul TIM Brasil Q2 2021
27 Jul KPN Q2 2021
27 Jul Juniper Networks Q2 2021
27 Jul Telefonica Brasil Q2 2021
27 Jul TIM Q2 2021
28 Jul Spotify Q2 2021
28 Jul Cirrus Logic Q1
28 Jul Telefonica Deutschland Q2 2021
28 Jul Ribbon Communications Q2 2021
28 Jul Altice USA Q2
28 Jul Qualcomm fiscal Q3
28 Jul Ooredoo Q2 2021
28 Jul Facebook Q2
28 Jul Equinix Q2
28 Jul Extreme Networks fiscal Q4
29 Jul Telenet Q2 2021
29 Jul BT fiscal Q1
::: More Calendar Items