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Nokia Could Decide To Keep Navigation Unit: Chairman


Ron Burgundy
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The Nokia company logo is pictured at its headquarters in EspooTelecom network equipment maker Nokia could decide not to sell its navigation business HERE when it has completed a review of the unit, its chairman said. The Finnish company last month confirmed it was considering a possible divestment of the business after announcing an all-share take-over of network gear rival Alcatel-Lucent. Nokia Chairman Risto Siilasmaa, however, on Tuesday said there was no predetermined outcome of the review, adding that the firm was not a forced seller. "This is the right time for the review, not only because of the Alcatel-Lucent deal but also because navigation markets have changed in the last years," he said in a speech at the company's annual general meeting.




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