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back to article Nokia pays $8bn for Navteq

Nokia has jumped into the personal-navigation business with the acquisition of Navteq, for €5.7bn ($8.1bn). Chicago-based Navteq has about 3,000 employees based at 168 offices in 30 countries. The company will operate independently, providing existing customers with mapping information and continuing to run Traffic.com. Nokia …

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  1. John Simpson

    Only a matter of time

    Once TomTom bought Navteq's little brother (TeleAtlas) it was wait and see who had deeper pockets, 2008 onwards the competition will be Nokia V TomTom. I wonder how long it will be before Nokia buys Garmin?

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