Finnish network gear maker Nokia said it has started a strategic review of its digital health business.
The Digital health business, is one of the areas where the company has been looking for future growth opportunities.
Nokia said the review may or may not result in any transaction or other changes.
The company said its patent business, brand partnerships and technology licensing units are not in the scope of the review.
In 2016 Nokia bought France’s Withings, which makes activity trackers and thermometers, for 170 million euros ($212.3 million)as an initial move in the health market.
But the company wrote down 141 million euros of goodwill on the business in the third quarter of 2017.
The company also said it will cut up to 425 jobs this year in its home country Finland.
The reductions are part of a 1.2 billion euro ($1.3 billion) global cost-savings plan which was announced after its 2016 acquisition of Franco-American rival Alcatel-Lucent.
Nokia currently employs 6,300 people in Finland and around 102,800 globally.
