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Europe Daily Bulletin No. 9695

3 July 2008
Contents Publication in full By article 23 / 40
GENERAL NEWS / (eu) eu/competition
Clearance for Nokia's acquisition of NAVTEQ

Brussels, 02/07/2008 (Agence Europe) - After carrying out an in-depth examination, the European Commission cleared, on Wednesday 2 July, the proposed acquisition of NAVTEQ (United States) by Nokia (Finland).

NAVTEQ provides navigable digital map databases, while Nokia is essentially a manufacturer of mobile telephones. The Commission's investigation was to assess whether the vertical integration of NAVTEQ into Nokia could lead to a significant restriction of competition within the European...

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