The company could be deciding to give up the maps business 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’sunnamed 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 started rolling out a beta Android version of HERE maps in August 2014 to Samsung smartphones at first, and then made it available for more smartphones in October.