Nokia has announced that it has agreed to sell its HERE digital mapping and location services business to an automotive industry consortium for EUR 2.8 billion. According to Nokia, HERE is developing a location cloud that harnesses the power of data generated by vehicles, devices and infrastructure to deliver real-time, predictive and personalized location services. This technology is valuable to the automotive industry where precise and accurate mapping is required. Like the proposed acquisition of Alcatel-Lucent for EUR 15.6 billion, the sale of HERE to the consortium is part of Nokia's transformation as a renewed company with a world-leading network technology and services business. As Nokia expands its services across its platforms and even revealed its first device after the Microsoft deal, it announced that the HERE Maps app is now available beyond just Samsung phones, as the app went live for all Android users in the Google Play Store. Starting today, the app is finally available for installation where the Android masses gather to discover and download new apps. Nokia's mapping service enters the Android ecosystem where it is dominated locally by Google's own Maps and crowd-sourcing traffic application Waze. Microsoft may have totally eradicated the Nokia brand from their smartphone lineup, but the Finnish company is far from dead. Read more in our articles including "Nokia sells HERE to automotive companies for EUR 2.8 billion" and "Nokia HERE Maps now available in the Google Play Store".
Nokia has announced that it has agreed to sell its HERE digital mapping and location services business to an automotive industry consortium for EUR 2.8 billion. According to Nokia, HERE is developing a location cloud that harnesses the power of data generated by vehicles, devices and infrastructure to deliver real-time, predictive and personalized location services.
This technology is valuable to the automotive industry where precise and accurate mapping is required. Like the proposed acquisition of Alcatel-Lucent for EUR 15.6 billion, the sale of HERE to the consortium is part of Nokia's transformation as a renewed company with a world-leading network technology and services business. As Nokia expands its services across its platforms and even revealed its first device after the Microsoft deal, it announced that the HERE Maps app is now available beyond just Samsung phones, as the app went live for all Android users in the Google Play Store.
Our coverage of nokia here includes: "Nokia sells HERE to automotive companies for EUR 2.8 billion"; "Nokia HERE Maps now available in the Google Play Store"; "HERE Maps now available for non-Samsung phones". Each article provides unique insights and information.