Here

Here is the place to be for Intel

Intel has continued on its journey to discover fortunes in the autonomous vehicles after seeking approval to buy a stake in digital mapping firm Here.

Nokia shareholders approve Alcatel-Lucent takeover

Shareholders in Nokia ‘overwhelmingly’ supported the proposed acquisition of Alcatel-Lucent at an EGM and the completion is now a formality of meeting minimum acceptance or tender conditions.

Facebook moving towards Nokia’s HERE for mobile

Social media giant Facebook is showing a strong interest in Nokia’s HERE mapping suite for its mobile offerings. TechCrunch first flagged the move up, which was subsequently confirmed by both companies.

Profits plummet at Nokia Networks

Finnish telco Nokia’s Q1 2015 earnings report revealed a dramatic decline in profits from its core networking operations. While Nokia Networks revenues were up 15% year-on-year, operating profit was down a massive 61%, with the Mobile Broadband division registering a loss of €3 million.

Nokia downsizing set to continue with rumoured sale of HERE

Nokia Oyj is apparently looking into flogging one of its three remaining business arms, as its focus on the continued growth of its networking arm increases further, according to reports from Bloomberg. The report, which cites people familiar with the matter, reckons the mapping arm of Nokia, HERE, is being touted to various global parties.

Nokia HERE to power maps for Baidu outside China

It has been announced Nokia’s HERE mapping solutions will be powering search engine Baidu outside its home country China. Nokia said the search giant, which already uses HERE for its desktop version of its location and mapping services, will add the solution to its map apps for Android and iOS.

Nokia set to license brand to other handset makers

Nokia CEO Rajeev Suri put a stop to rumours suggesting it might re-enter the handset business. But speaking in London at the vendor’s first capital markets day in five years, Suri confirmed the Nokia brand is to be re-licensed to appear on other smartphone makers’ devices.

Nokia loses Here head

Nokia, or what’s left of it, looks to have suffered another blow as the head of its location based services division, Here, quits to focus on his own projects. Nokia’s Here unit was born out of the company’s $8.1bn acquisition of Navteq and was retained as a key pillar of Nokia following the purchase of its handset division by Microsoft last year.

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