Categories: Digital LifeNews

Nokia might just sell off HERE in favour of focusing on it’s networks

HERE, Nokia‘s mapping service might be in danger of getting the boot in favour of the Finnish company focusing directly on their networks as opposed to the app. According to Bloomberg, Nokia is interested in improving their wireless network as well as their credit rating, having already reached out to potential buyers including Uber Technologies Inc. and a handful of German carmakers have shown interest in the app.

The HERE app is estimated to be valued at about 2.1 billion euros, which means it has lost quite a bit of value since it was bought by Nokia from Navteq for 8.1 billion euros in 2008. Nokia only has three businesses left after selling their phone division to Microsoft and it’s networks division currently makes about 90% of it’s total revenue. There’s a high chance that Nokia will sell the service as they have more or less gotten out of the mobile market but it would be interesting to see who snaps up HERE next.

[SOURCE]

Sirap Bandung

cannbates@gmail.com

Recent Posts

Malaysia Airlines’ new A330neo grounded temporarily due to production issues

Malaysia Airlines has temporarily grounded its brand new Airbus A330neo after completing four commercial flights.…

17 hours ago

Proton e.MAS 7: Here’s how much it cost to maintain this EV

Pro-Net recently revealed that you only need to service the new Proton e.MAS 7 EV…

2 days ago

Proton e.MAS 7: How much does it cost to replace the tyres?

The Proton e.MAS 7 is one of the most value for money SUVs at the…

3 days ago

Samsung to launch its new AI-powered home appliances with improved ecosystem integration at CES 2025

Samsung has announced that it will be holding its press conference titled "AI for All:…

3 days ago

SoyaCincau Awards 2024: The Best Phones of the Year

Modern smartphones are very capable computing devices, thanks to powerful hardware trickling down the price…

3 days ago

CelcomDigi offers 5G Home WiFi at RM69/month for Postpaid customers

If you're a CelcomDigi Postpaid 5G customer and can't get fibre broadband for your home,…

3 days ago

This website uses cookies.