Nokia buying NAVTEQ

by Evan Blass, posted Oct 1st 2007 at 8:20AM

The headline really does tell the whole story in this case: Finnish telecom giant Nokia has announced its intention to purchase one of the world's two digital mapping powerhouses (the other being TeleNav) in an $8 billion deal that should result in some pretty sick location-based services on your next N-series phone. Nokia expects to have pulled NAVTEQ into the fold by the end of Q1 2008; all hail NokTEQ.

[Thanks, Pdexter]

Filed under: Nokia, Misc

Tags: acquisitions, buyouts, navteq, nokia

Relevant Posts

Nokia's NAVTEQ acquisition draws probe from the EU (50 days ago - 5 Comments)
Nokia's E66 and E71 in the wild! (10 days ago - 45 Comments)
Nokia E71 all up in AT&T's labs (9 days ago - 23 Comments)
Maps on Ovi promises to span the phone-PC navigation bridge (3 days ago - 4 Comments)
Provoke's 2012 concepts head to New York, Nokia hopes nobody notices (4 days ago - 3 Comments)

Subscribe to these comments

Reader Comments (Page 1 of 1)

Neutral

Paul Swortz @ Oct 1st 2007 11:36AM

should result in some pretty sick ...

Intentional slip or typo?

Cheers

Neutral

c @ Oct 1st 2007 11:55AM

Tele Atlas not TeleNav

19-year-old mayor of Oklahoma town is a gaming enthusiast Obesity experts frown on Wii Fit's fatty-labeling, Nintendo apologizes The Conduit gameplay trailer released	Download Squad Week in Review Firefox 3 Release Candidate 1 now available Condé Nast scoops up Ars Technica for Wired
Google App Engine Launcher for OS X Leech: download manager VideoDrive: easy iTunes video importing and tagging	Barron's: Oracle's stock ready for a move? Media companies need to rethink compensation of talent Robert Mondavi: The perils of the family business
Castle Crashers is so done, you don't know how done it is Video: Dead Space and all the horror Alert! Microsoft Points scam sweeps Xbox Live	Volkswagen Tiguan diesel launch delayed in the U.S.? So, anything out there you'd like to strap a jet engine to? Jaguar posts first sales rise in almost 2 years