Nokia to Buy Illinois-Based SAC Wireless
Nokia today said it plans to acquire SAC Wireless, a telecommunications equipment installer located in Shaumburg, Illinois. The company has about 450 employees and works with wireless network operators in the U.S. Nokia said it believes the acquisition will help it win business in North America for its telecommunications gear. Nokia sold its handset division to Microsoft earlier this year and now runs its networking and HERE Maps businesses. Nokia didn't say how much it will spend on SAC Wireless.
Nokia and Samsung Settle Patent Licensing Deal
Nokia today said it has reached an agreement with Samsung over the licensing of its wireless patents. The companies have been disputing the value of Nokia's patents since Nokia sold its handset division to Microsoft.
Audi, BMW, Daimler to Buy Nokia's HERE Maps
A consortium of three German automotive makers has agreed to purchase HERE Maps from Nokia for about $2.71 billion, according to the Wall Street Journal. Sources familiar with Nokia's plans say Audi, BMW, and Daimler (Mercedes) have fielded a winning bid for the mapping division, which Nokia put up for sale earlier this year.
Nokia to Pare Down Its Technologies Unit
Nokia today said it intends to cut about 70 jobs from its Technologies unit. "Nokia Technologies has revised its long-term strategy and will consequently reshape [the] organization.
Nokia to Acquire Withings for Health and Fitness Push
Nokia today said it plans to acquire Withings for about $192 million in cash. Nokia hopes the acquisition will help it make a stronger push into the markets for wearables and the internet of things.