Nokia pays $8.1 Billion for NAVTEQ

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In Nokia’s official press release, Olli-Pekka Kallasvuo, President and CEO of  Nokia 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” .

One wonders if this could be the start of location-based advertising on mobile devices.

More info @ Engadget

Nokia press release

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Jason Cartwright
Jason Cartwrighthttp://techau.com.au/author/jason/
Creator of techAU, Jason has spent the dozen+ years covering technology in Australia and around the world. Bringing a background in multimedia and passion for technology to the job, Cartwright delivers detailed product reviews, event coverage and industry news on a daily basis. Disclaimer: Tesla Shareholder from 20/01/2021

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