Nokia to Close Here Mapping Deal With German Automakers

Nokia to Close Here Mapping Deal With German Automakers

February 17, 2016 Richard Gomez 0

Home | Internet | Internet News Nokia to Close Here Mapping Deal With German Automakers by Gadgets 360 Staff , 4 December 2015 Nokia says it has received all regulatory approvals for the EUR 2.8 billion (roughly Rs. 20,737 crores) sale of its Here mapping unit to a consortium of German carmakers, Audi AG, BMW Group and Daimler AG, and expects to close it ahead of schedule on Friday.
Nokia's Here, which includes mapping, navigation, and location services, gives the leading automakers access to technology that could eventually be used for driverless cars.
The Finnish company originally said it expected to close the deal during the first quarter of 2016 after announcing the planned sale on August 3.
Nokia, formerly the top cellphone maker, has increasingly focused on providing networks for mobile technology. On Wednesday, shareholders approved its EUR 15.6 billion acquisition of Alcatel-Lucent, which will make it a market leader in networks.
The three automaker partners – Daimler BMW..