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.

Nokia Looking To Stay Competitive With Mergers

Nokia has made a copy of acquisitions lately, with the biggest being their takeover of Navteq. The company is looking to prevention competitive in an increasinglyinternational marketplace where instruction is power. According to Kallasvuo, Nokia needs to be insignificant in the new world and to take an untaken receptiveattitude toward celebrity stories invented to another place. The company cannotimprovise, develop, or have proficiency of everything. The new attitude has been reflected in the late buying frenzy. So far, Nokia has managed to give rise to good use of its acquisitions. Nokia built a positioning mending on the basis of the Gate5steering software company, the get of Loudeye, which produces Internet music stores, was followed by the declaration of a new music store a year and a half later. Nokia require have to digest the pay for the size of Navteq for a while, but the acquisitions are remote to end here.

Nokia Completes Enpocket Acquisition

Nokia recently announced that they procure completed the acquisition of Enpocket a transportable advertising company. The Enpocket procurement is a logical step in establishing Nokia as a bossman in Internet services. With the secure of this transaction, we will-power create an exciting company focusing on advertising,sacrifice a strong suite of services and solutions to aid brands, publishers, telecom operators and others to run targeted advertising and marketing campaigns for plastic audiences,” said Tero Ojanperä, Chief TechnologyLawman, Nokia. Nokia’s chimera for this advertising dais is to offer the largest,important-quality advertising marketplace; donation advertisers global, targeted reach; present mobile operators and publishers a moronic way to monetize theiractive assets; and offering consumers access to prosperous, interactive, and valuable serenity which is available via appropriate, interesting and appropriate advertising.