As part of Nokia, NAVTEQ will go on further developing the navigation industry, as well as expanding the customer base and improving their technology platform. They will doubtlessly keep on with the process of expanding the coverage of countries and spreading-out their database by introducing some extra points of interest. 

The acquisition of NAVTEQ will surely open for Nokia new horizons in providing Internet services based upon the context of time, place and people. 

“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.” stated Olli-Pekka Kallasvuo, President and CEO of Nokia Corp.

 “Nokia has a deep understanding of the requirements for the industry. As part of Nokia, NAVTEQ will further invest in its map and content capabilities and make our products and services easier for all our customers to use and access.” added Judson Green, NAVTEQ President and CEO.

Let’s remind that the TeleAtlas company, a key rival of Navteq, has been bought a bit before by TomTom, the Dutch maker of GPS navigation devices, for $2.9 billion. The TomTom software allows users to send their corrections straight to the developer. Later on they are checked and integrated into the TeleAtlas maps.