According to Reuters, Nokia aims to produce better maps for pedestrians as part of their growth strategy in Location-Based services
This from Reuters...
BARCELONA - Nokia (NOK1V.HE) aims to produce better maps for pedestrians and with their help after completing its $8.1 billion acquisition of map supplier Navteq (NVT.N), leaving the car-navigation market largely to others.
"It's not really our intention to take market share away. It's our intention to grow the market," Michael Halbherr, the head of Nokia's location-based activities, said on Thursday.
"We want to take the intelligent mapping experience to the pedestrian," he told the Morgan Stanley Technology, Media and Telecoms conference in Barcelona.
Nokia's agreed bid for digital mapmaker Navteq, the biggest in its history, cast a spotlight on the fast-growing navigation industry and was quickly followed by a bidding war for Tele Atlas (TA.AS), Navteq's only global rival in mapmaking.
TomTom (TOM2.AS), currently the highest bidder for Tele Atlas with an offer valuing it at 2.9 billion euros ($4.2 billion), said it would remain focused on car navigation but Tele Atlas would likely still supply handset makers.
TomTom Chief Executive Harold Goddijn said it was unclear how Nokia's entry into the market would change the competitive landscape but said it removed the worry that Tele Atlas customers might switch to another independent mapmaker.
See http://news.yahoo.com/s/nm/20071115/bs_nm/barcelona_tmt_nokia_dc_1
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