Nokia has initiated a review of strategic options for its HERE business
Stock Exchange Release
April 15, 2015 at 08:05 (CET +1)
Espoo, Finland - 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.
This press release contains forward-looking statements, such as statements that relate to a potential combination involving Alcatel-Lucent, assessment of HERE and a potential transaction involving HERE. Some of these forward-looking statements can be identified by terms and phrases such as "believe," "would," "will," "may" and similar expressions. These statements are based on current decisions and plans and currently known factors.These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements.Risks and uncertainties include: the impact of the potential combination involving Alcatel-Lucent; the performance of the global economy; the capacity for growth in navigation, mapping and location intelligence; the effect of changes in governmental regulations, as well as other risk factors listed from time to time in Nokia's and Alcatel-Lucent's filings with the U.S. Securities and Exchange Commission.
Nokia invests in technologies important in a world where billions of devices are connected. We are focused on three businesses: network infrastructure software, hardware and services, which we offer through Nokia Networks; location intelligence, which we provide through HERE; and advanced technology development and licensing, which we pursue through Nokia Technologies. Each of these businesses is a leader in its respective field. http://company.nokia.com.
HERE, a Nokia company, is a leader in navigation, mapping and location experiences. We build high-definition (HD) maps and combine them with cloud technology to enable rich, real-time location experiences in a broad range of connected devices - from smartphones and tablets to wearables and vehicles. Leading brands including BMW, Daimler, Microsoft, Samsung and Toyota trust HERE to provide mapping services for their customers. To learn more, including our work in the areas of connected and autonomous driving, visit http://360.here.com.
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