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Wireless

Nokia sells Here to carmakers for EUR 2.8 bln

Monday 3 August 2015 | 08:26 CET | News
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 sell Here in April, when it agreed the merger with Alcatel-Lucent. After selling Here and its mobile phone business last year, Nokia will focus exclusively on the network equipment market, as well as

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Categories: Mobile & Wireless
Companies: Alcatel-Lucent USA/FR / BMW / Here / Nokia
Countries: World
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