Nokia To Buy Navteq For 8+ Billion Dollars

Nokia, based in Finland, recently announced that they are buying digital-map provider Navteq Corp. for $8.1 billion dollars. This is the largest buyout that Nokia has been affected with in their operating record. “The navigation field is a fast-growing vocation, and with location-based services expanding like a shot into mobile-communications devices, the vigour is poised for even new growth,” said Nokia Chief Top banana Olli-Pekka Kallasvuo. “The behave will strengthen Nokia’s placing in the GPS/maps market. Acknowledged the big push around thisfield, this move makes feel,” said Carolina Milanesi, enquiry director in the mobile devices and consumer services drill of Gartner. The give out has been approved by both companies boards and is expected to shut down in the first quarter of 2008. Nokia is expected to money the deal through a mix of spondulicks and debt.

Nokia To Expand GPS Phone Lineup

Undeniable Nokia didn’t set about on an $8.1 billion takeover of digital map supplier Navteq without theory of ways to make promote the money. And what more direct plan than to suggest an extended array of GPS enabled unstationaryphones? “By the end of next year we see fit have tens of pilotage-enabled devices on the deal in,” Anssi Vanjoki, control of Nokia’s multimedia constituent, told a conference holler. It offers three phone models with integrated GPS at thetwinkling. So expect sundry more GPS enabled phones by Nokia to be released in the next 12 months.

Nokia And Telefonica Team Up For Mobile Internet

Nokia and Telefonica recently announced a partnership to present the mobile internet more approachable to users on cell phones and other sensitive devices. The two companies last wishes as work together to customize menus and streamline teachnology and billing. Eye the collaboration, Nokia choice customize the new Multimedia Menu to make easy access to Telefonica services and Telefonica customers will be masterful to access all Nokia services at the end of one's tether with the Multimedia Menu.