Telecoms network equipment maker Nokia began a strategic review
of its maps business last month, setting in motion an auction
process that has pitted Internet players like Uber and Baidu <BIDU.O>
against German carmakers in a deal that could be worth up to $4
billion.
While declining to comment on bidders, Chief Executive Rajeev
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.
But he 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."
(Reporting by Jussi Rosendahl; Editing by Ahmed Aboulenein and
Susan Thomas)
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