Nokia tipped to contemplate a sale of its HERE maps business

11 April, 2015

According to a report in Bloomberg, Nokia is contemplating a sale of its HERE maps business. The Finnish company allegedly wants to focus its efforts on growing its wireless network division, as well as improve its credit rating.

The ride-sharing powerhouse Uber and “a group of German carmakers” are reportedly among the potential buyers of the highly capable HERE maps. Bids for the service could be submitted as early as this month.

Nokia’s HERE business is said to carry a value of approximately $2.1 billion. It is worth noting that the former Finnish heavyweight paid $8.1 billion for Navteq Corp in 2008.

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Reader comments

  • AnonD-69034

whennnnnn.....?? nokia where are you.......???? but not on lumia.

  • Franek

Nokia will come back 2017-2018

  • fan boy

Why nokia why ? I am just hoping that nokia will come soon but there is no hope. ..