Nokia completes sale card- off

Nokia completes sale card- off

Tech December 4, 2015 15:45

espoo - Nokia has announced the sale of its cards division MEN to a consortium of Audi, BMW and Daimler completed. It was announced Friday.

The deal Nokia net yields 2.55 billion euros, with a gain of approximately 1 billion. The unusual collaboration, the German manufacturers of luxury cars access to the cards needed to build still smarter cars in the future, which may partly ride independently.Nokia climbed in 2008 in digital maps with the acquisition of US Navteq. The Finnish company, then still the largest mobile phone maker in the world, thought he could take advantage of the growing number of people that navigation on the mobile phone chose over a separate device in the car. In the same year assured the Dutch TomTom navigation service provider from its own database with digital maps from Tele Atlas to take over.Nokia sold earlier his cellphone stuck entirely to Microsoft. The sale of the Lord can focus even more on the production of equipment for telecommunications networks. Partly for this reason, the company recently took over the French Alcatel-Lucent. This transaction is expected to close final in the first quarter.

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