31582
Nokia: HERE No Longer Here
Economy, Auto

Nokia: HERE No Longer Here

Finland's Nokia on Friday said it had completed the sale of its navigation business HERE to German carmakers BMW, Audi and Mercedes. Nokia said its net proceeds from the deal would be around €2.55 billion ($2.78 billion), in line with its original estimate. The deal was initially estimated to close in the first quarter of 2016, Reuters reports on Saturday. The company last year sold its once-dominant mobile phone business to Microsoft and following the maps deal, it is left with its mainstay telecom network equipment business and patents. Earlier this week, the company's shareholders approved an all-share acquisition of network rival Alcatel-Lucent for €15.6 billion, expected to close early next year. The troika of German carmakers have begun to work together to hold off against new automotive rivals like Uber and Tesla whose use of mapping technology may become a serious threat to their business strategy in the autonomous car future.

 

Short URL : http://goo.gl/40DlOI
  1. http://goo.gl/gvhos9
  • http://goo.gl/J068qy
  • http://goo.gl/Zoz1i7
  • http://goo.gl/zh2fmW
  • http://goo.gl/EWqP7D

You can also read ...

Asian and European economic support for Iran offers the potential to improve existing alternative international trade links and develop new links.
While American President Donald Trump has withdrawn from the...
1st USD Rate Hike After Unification
For the first time after the government decided to unify the...
Uber Chief Product Officer to Leave
Uber Technologies Chief Product Officer Jeff Holden is leaving...
Tesla Model 3
Elon Musk’s Model 3, once touted as Tesla’s $35,000 car for...
Iranians’ per capita honey consumption is 1 kilogram per year, while it is around 200 grams in other countries.
Iran has made noticeable progress in honey production, as it...
The number of foreign students enrolled in Iranian universities increased by 19% in the last Iranian year (ended March 20, 2018) compared to the year before.
Currently, some 55,000 foreign students are studying in...
Efforts Underway to Unblock Iranian Accounts in Georgia
Efforts are underway to unblock some bank accounts belonging...
Transport MoU With Greece
Iran and Greece have signed a memorandum of understanding to...

Trending

Googleplus