Advertisement

Nokia says considers maps unit sale

HELSINKI (Reuters) - Finland's Nokia on Wednesday confirmed it had started a strategic review of its map business, HERE, after announcing a takeover of network equipment rival 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 company said in a statement, adding that the review may or may not result in any deal. A source told Reuters on Friday that Nokia had hired a financial adviser to explore a sale of the unit. The unit is estimated to be worth 4.4 billion to 6.9 billion euros (3 billion to 5 billion pounds), based on a sum-of-parts calculation, according to Inderes Equity Research. (Reporting by Jussi Rosendahl; Editing by Clarence Fernandez)