Monday, October 01, 2007

Nokia buys Navteq

Seems like Nokia are also serious about the underlying enablers for mobile services (Intel inside?), having declared they are moving into the software/services arena recently...

In this case, by buying the mapping provider Navteq for a cool 5.4B euros - their biggest acquisition to date.

I guess Tele Atlas will now also come under further scrutiny for providers like google/microsoft/yahoo/garmin etc.. (Tom Tom bought Tele Atlas earlier this year for 1.8B euros).

** Update ** my mistake.Tom Tom have not yet bought Tele Atlas - they reconfirmed their bid price today (unsurprisingly), but given the Nokia deal above Tele Atlas may indeed hold out for more.