Nokia to buy Navteq for $8.1 billion in push to expand services, compete with Apple
Nokia’s President and Chief Executive Olli-Pekka Kallasvuo said “location-based services are one of the cornerstones of Nokia’s Internet services strategy. The acquisition of Navteq is another step toward Nokia becoming a leading player in this space.”
Kallasvuo added that by acquiring Navteq, Nokia “will be able to bring context and geographical information to a number of our Internet services with accelerated time to market.”
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