Nokia has announced a strategic review into its navigation and mapping division, Here, which could include a potential divestment.
The mobile technology company announced the initiation of the review over ‘strategic options’ for the business, but added the caveat that no transaction may result from the process.
Here builds high-definition maps which it combines with cloud technology to offer real-time navigation through connected devices. The platform is also served to BMW, Daimler and Toyota vehicles, as well as to Microsoft and Samsung smartphones.
Here was founded as Ovi Maps in 2007, before rebranding to Nokia Maps in 2011 and then again to the current moniker over a year later.
Yesterday, Nokia confirmed "advanced" merger talks with French telecoms company Alcatel-Lucent that could create a global network to rival Ericsson and Huawei.