Nokia may announce Alcatel-Lucent assets acquisition this week

Nokia logoWe reported over the weekend that Nokia plans to sell its HERE subsidiary in order to completely focus on its wireless-network business.

After having sold its mobile division to Microsoft, the Finnish company was left with only three businesses: Nokia Networks, HERE, and Nokia Technologies.

However, Nokia Networks brings 90% of the company's profits, so we can't really blame the Finnish company for wanting to get rid of the less profitable businesses.

The first to go will be HERE, Nokia's maps branch, which will be sold to the higher bidder sometime this month.

The Finnish company has already approached companies like Uber Technologies, equity firms, and even a well-known group of German car manufacturers that might be interested in the acquisition.

According to sources close to the matter, Nokia won't sell HERE if the bids don't offer a certain amount. Currently, Nokia values its maps business at around $2.1 billion (€2 billion), so the bids should be in that range for the Finnish company to accept the offer.

Analysts claim that Nokia wants to acquire Alcatel-Lucent with the money they get for the HERE maps business so that they can better compete with Ericsson AB.

Now Bloomberg reports that Nokia is already in advanced negotiations to acquire part of Alcatel-Lucent. An official announcement may be issued as early as this week.

It appears that Nokia will have to do with Alcatel's wireless unit rather than the company's whole business. However, since the discussions are still underway, the outcome is unknown, which means that there might be no acquisition after all.

The purchase of Alcatel's wireless unit is meant to increase Nokia's position in China, one of the biggest markets in the world, but it may also qualify the Finnish company to take some contracts with two major US-based carriers such as Verizon and AT&T.

Source: Softpedia

Tags: Nokia

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
The smartwatch is reportedly being released alongside the Galaxy Note9 with some new tech on board
 
Not to be confused with a flip phone which separates the display from the hinge
 
The PCI-SIG has announced that PCIe 4.0 specification is finished
 
The report even mentions that AMD developed the Navi GPU architecture specifically
 
Intel has alreadt started production of XMM 7560 modem chips
 
The Galaxy Note 9 was previously expected to ship with a 3,850mAh battery
 
New update claimed to reduce system stability issues by 20%
 
The new silicon could let Intel design 20-core and 22-core SKUs for the X299 Express chipset
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
     12
3456789
10111213141516
17181920212223
24252627282930




Poll

Do you use microSD card with your phone?
or leave your own version in comments (10)