Nokia considers sale of maps business Here - report

Monday 13 April 2015 | 08:43 CET | News
Interactive webinar: Vodafone Ziggo deep dive. What is the strategy for the coming years? Where does it stand in relation to its competitors? Join us on January 21st 14:00 CET for a professional profile of VodafoneZiggo in 45 minutes. Register here ...
Nokia is exploring the sale of its maps business Here in order to focus on mobile network equipment, people familiar with the matter told Bloomberg. Nokia has reached out to potential buyers including Uber and private-equity firms, the report said. A group of German carmakers has also shown interest, and bids for the unit are expected as soon as this month. Here is valued at about EUR 2 billion, according to Nokia's financial reports. The company reported annual sales of EUR 970 million and an operating loss of EUR 1.24 billion in 2014. Proceeds from a sale of the business could go towards

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.


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

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.


Nokia's Here wins Finnish road traffic information contract

Published 01 Jul 2015 11:41 CET | Finland
Nokia's mapping arm Here has been selected by Finnish traffic agencies to lead a pilot project in 2016 to enable vehicles to ...

Car makers, Baidu prepare bid for Nokia's Here - report

Published 06 May 2015 18:56 CET | World
Germany's big-three premium-brand auto makers are preparing an acquisition bid with Baidu for a majority stake in Nokia's Here ...

Nokia's Here attracts 4 possible bidders - report

Published 22 Apr 2015 14:43 CET | World
Nokia's Here mapping and navigation division has attracted at least four potential bidders, according to the German publication ...

Nokia agrees EUR 15.6 bln bid for Alcatel-Lucent

Published 15 Apr 2015 08:23 CET | World
Nokia and Alcatel-Lucent reached an agreement on the terms of their proposed merger. Nokia will offer 0.55 of its shares for each ...

Nokia wil af van kaartendivisie om netwerkactiviteiten te verstevigen

Published 14 Apr 2015 09:06 CET | World
Nokia zou van plan zijn de digitale kaartendivisie Here af te stoten om zich verder te kunnen concentreren op zijn ...

Nokia, Alcatel-Lucent confirm merger talks

Published 14 Apr 2015 08:57 CET | World
Nokia and Alcatel-Lucent confirmed they are in advanced talks on a potential merger. The offer would take the form of a public ...

'Nokia zet Here divisie in de etalage'

Published 13 Apr 2015 08:55 CET | World
Nokia overweegt om zijn navigatiedivisie Here te verkopen en zich voortaan alleen te concentreren op netwerkapparatuur voor ...

Jaguar Land Rover picks Here for Jaguar FX's system

Published 08 Apr 2015 11:12 CET | World
Nokia's Here business unit was contracted by automotive company Jaguar Land Rover to power Jaguar XF's InControl Touch Pro ...

Nokia rolls out Here app to iOS

Published 12 Mar 2015 09:03 CET | World
Nokia announced the launch of its Here map and navigation app on the App Store for iOS devices. Here has already racked up 4 ...

Nokia Q4 revenues up 9%, underlying profit grows 28%

Published 29 Jan 2015 08:01 CET | World
Nokia reported fourth-quarter revenues up 9 percent year-on-year to EUR 3.80 billion. Adjusted operating profit rose 28 percent ...

Nokia's Here launches predictive traffic service

Published 20 Nov 2014 15:17 CET | World
Nokia's navigation and mapping services unit Here has unveiled a new traffic forecasting product, dubbed Predictive Traffic, that ...

Nokia raises margin target for networks business

Published 14 Nov 2014 08:53 CET | World
Nokia has raised its target for profitability at its core business and said it aims to resume paying regular dividends. At its ...

Nokia's Here to provide geo-content for SAP HANA platform

Published 11 Nov 2014 09:37 CET | World
Here, Nokia's mapping and location intelligence business, has signed an original equipment manufacturing (OEM) agreement with ...

Nokia names Fernback to head Here

Published 23 Oct 2014 08:42 CET | World
Nokia announced the appointment of Sean Fernback as president of Here, Nokia's mapping and location intelligence business, and as ...

Nokia launches Here map app for all Android devices

Published 22 Oct 2014 11:38 CET | World
Nokia's navigation and mapping business Here has launched its free mobile app to all Android users. The app was initially ...

Calendar   /   Industry Events

19 Jan Netflix Q4 2020
19 Jan Telefonica Germany Strategy Update
21 Jan Intel Q4 2020
21 Jan Modern Times Group EGM
25 Jan Edgeware EGM
25 Jan The Things Conference 2021
::: More Calendar Items