Valleywag
Finnish mobile phone giant Nokia is buying Navteq for $8.1 billion. The company's mapping service powers Google Maps, among others — including the Google Maps application for Apple's iPhone, a competitor to Nokia's handsets. (That's an exceedingly roundabout attack on a rival, but it's so obscure it just may work.) Nokia also says it will provide many more phones with GPS capabilities in 2008. [GigaOM]
10:17 AM on Mon Oct 1 2007
By Jordan Golson
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NAVTEQ is not a service company but a MAPPING company that builds and maintains digital maps worldwide. Google licenses the maps from NAVTEQ to use in Google maps and Google Earth. Nokia is the one who will be launching phone based mapping services running NAVTEQ maps.
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