MobileMonday Global

^{“Redefining the Internet”} Nokia completes its acquisition of Navteq

Nokia announced last week that it has completed its acquisition of Navteq, a provider of comprehensive digital map information.

As part of Nokia, Navteq will continue to develop its world-class expertise in the navigation industry, service its strong customer base, and invest in the further development of its industry-leading map data and technology platform.

Navteq will continue to build out and expand coverage of countries already included in its database as well as add new pieces of both static and dynamic content.

Nokia says in a press release that it will redefine the Internet and connected experiences by adding context - time, place, people - to web services optimized for mobility. By bringing context to Internet services, Nokia will lead the next generation of web innovation.

"Nokia and Navteq together make a powerful combination, and customers will benefit as the transaction enables Navteq to accelerate its expansion into new regions and introduce innovative new content. This is an industry poised for further growth and Navteq will play a major role in the field," said Olli-Pekka Kallasvuo, President and CEO, Nokia.

"The addition of Navteq comes at the right time for Nokia's business, allowing us to create the leading location platform just as context-aware and location-based Internet services expand rapidly into mobile communications devices."

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