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Nokia in no hurry to sell maps business Here, says CEO Rajeev Suri

"Let's give it more time...We may not end up selling it if we don't get the right value," CEO Rajeev Suri told a trade magazine.

Jussi Rosendahl | May 22, 2015 | Updated 18:20 IST
Nokia in no hurry to sell maps business Here, says CEO
"Let's give it more time...We may not end up selling it if we don't get the right value," CEO Rajeev Suri told a trade magazine. (Photo for representation only. Source: Reuters)

Nokia is in no hurry to sell its mapping unit HERE despite receiving high quality bids, the Finnish company's CEO Rajeev Suri has said.

While declining to comment on bidders, Suri acknowledged in trade magazine European Communications that the unit had attracted "significant interest", and said the quality of the bids was better than expected.

Nokia began a strategic review of its maps business last month, setting in motion an auction process that has pitted players like Uber and Baidu against German carmakers in a deal that could be worth up to $4 billion.

But Suri added: "Let's give it more time...We may not end up selling it if we don't get the right value. It has to be a good competitive deal for Nokia and our shareholders."

(Reuters)

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