A new story says that Nokia is reportedly "exploring" the idea of selling off its HERE maps division. The company may decide to ditch the maps business in part to concentrate its time on its wireless network division. HERE Maps is already getting some interest from other companies and private-equity firms, according to Bloomberg's unnamed sources.
It adds:
The Finnish company, which is working with a financial adviser, may decide against a sale if it can't get a price it deems sufficient, the people said. HERE reported full-year sales of 970 million euros and an operating loss of 1.24 billion euros, including a goodwill impairment of 1.21 billion euros, according to the annual report. In January, Nokia projected rising sales for its maps and patents divisions for 2015.
Nokia launched HERE Maps for Windows Phone devices in February 2013, followed a year later byan app for Windows 8.1 devices.
Image & News Courtesy Windows Central
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