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German carmakers buy Nokia's HERE maps unit

2015-08-03 19:48:32| Wireless - Topix.net

An Audi automobile features a high-tech, electronic dashboard. A consortium that includes Audi, BMW and Daimler announced Monday it is buying Nokia Corp.'s HERE map business.

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German carmakers buy Nokia's mapping

2015-08-03 12:44:05| BBC News | Business | UK Edition

German vehicle manufacturers Audi, BMW and Daimler are buying Nokia's Here digital mapping business for 2.8bn euros (2bn).

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Nokia sells Here to carmakers for EUR 2.8 bln

2015-08-03 08:26:00| Telecompaper Headlines

(Telecompaper) 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 its licensing business. Here already serves much of the world's automakers with mapping services, as well as supplying many mobile phone operating systems, including Windows, Android and iOS. The company generated an adjusted operating profit of EUR 46 million on revenues of EUR 552 million in the first half of this year. It recorded an operating loss of EUR 1.241 billion in the period, after an impairment of EUR 1.209 billion to write off goodwill.

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Nokia Close to Sale of HERE Maps Unit to German Carmakers

2015-07-21 14:19:03| Telecom - Topix.net

A touch screen automobile dashboard monitor displays HERE software, the connected driving maps unit of Nokia Oyj. Photographer: Krisztian Bocsi/Bloomberg Nokia Oyj is nearing an agreement to sell its maps business to a group of German luxury-car makers, according to people familiar with the matter.

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