Nokia will buy Navteq!

1. October 2007 at 19:30


It seems that Nokia is seeing the good future in the navigation market. First Nokia announced the N95, 6110, E90, Nokia Maps and now Navteq. Nokia has just announced their plans to buy Navteq (map-maker) for $8.1 billion.

NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. NAVTEQ creates the digital maps and map content that power navigation and location-based services solutions around the world.

Source: Intomobile