Nokia sells Lord card division of BMW, Audi and Daimler




Nokia will sell its card division for 2.8 billion euros to a group of car manufacturers which should include BMW, Audi and Daimler. It is the second large branch that sells Nokia, after its smartphone division sold in 2013 to Microsoft.

The announcement Nokia hint that BMW, Audi and Daimler cards will continue to license to other companies. Include Microsoft, Samsung and Amazon now have a license to use the cards. The card division under its own management, the automakers can map technology eg better try to tune for use in self-propelled vehicles, something for which precise maps are required than there are now.

Nokia sells the division to raise money for the acquisition of Alcatel-Lucent, the French supplier of networking products will take over. This acquisition will cost 15.6 billion euros. Nokia exist after the acquisition of Lord, which should be completed early in 2016, still two divisions. Nokia Network for networking products and services and Nokia Advanced Technologies for licensing its brand for smartphones and tablets such as the N1 and new products like the Ozo .

The Finnish manufacturer sells Lord his second major division in a few years. It closed in 2013 a deal with Microsoft allows for the sale of the branch phones and smartphones. Microsoft already sells smartphones merely called Lumia and Nokia uses the name only for cheap mobile phones.

It is unknown what happens to the services of Here Maps and Here Drive for Android and iOS. Microsoft has licensed the use of Lord apps on Windows Phone, which likely persist. Nokia got the map material in the hands of the acquisition of Navteq in 2007.


In: Technology & Gadgets Asked By: [15519 Red Star Level]

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