Nokia Announces Alcatel-Lucent Acquisition, Considering Potential Divestment Of HERE Business

Nokia Alcatel Lucent
Nokia has agreed to combine with Alcatel-Lucent in an all-share public exchange offer in France and the United States. With more than 40,000 R&D employees and spend of EUR 4.7 billion in R&D in 2014, the combined company will be in a position to accelerate development of future technologies including 5G, IP and software-defined networking, cloud, analytics as well as sensors and imaging.

As Nokia is going to focus on networking business going forward, they are reviewing options to divest their HERE Maps business.

Nokia today announces that it has initiated a review of strategic options, including a potential divestment, for its HERE business. HERE is a leader in navigation, mapping and location intelligence.

Nokia today also announced a proposed combination with Alcatel-Lucent. The Board of Directors of Nokia believes this is the right moment to assess the position of HERE within the proposed new Nokia business.

The strategic review of HERE is on-going and it may or may not result in any transaction. Any further announcements about HERE will be made as appropriate.

I think its time for Microsoft to act fast and acquire HERE Maps business from Nokia.

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