European regulators cleared Nokia's takeover of U.S. digital mapmaker Navteq on Wednesday, saying the deal would be unlikely to shut off rivals' access to digital maps. Navteq is one of only two international producers of digital maps. The other one, Tele Atlas, was recently bought by navigation device producer TomTom. The European Commission said there were concerns that the strong position held by Nokia as a supplier of mobile phones might allow the combined company to block rivals' access to maps they need to offer navigation services.
July 02nd 2008