Nokia sees GPS phone lineup expanding
HELSINKI (Reuters) - The world's top cellphone maker Nokia (NOK1V.HE: Quote, Profile, Research) plans to offer many more mobile phones with integrated global positioning system (GPS) next year, it said on Monday.
"By the end of next year we will have tens of navigation-enabled devices on the market," Anssi Vanjoki, head of Nokia's multimedia unit, told a conference call.
It offers three phone models with integrated GPS at the moment.
Earlier, Nokia said it would offer $8.1 billion for U.S. based digital map supplier Navteq (NVT.N: Quote, Profile, Research) in one of its largest takeovers ever, but its shares fell as investors saw the deal expensive.
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"By the end of next year we will have tens of navigation-enabled devices on the market," Anssi Vanjoki, head of Nokia's multimedia unit, told a conference call.
It offers three phone models with integrated GPS at the moment.
Earlier, Nokia said it would offer $8.1 billion for U.S. based digital map supplier Navteq (NVT.N: Quote, Profile, Research) in one of its largest takeovers ever, but its shares fell as investors saw the deal expensive.
source
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