Nokia Corp. said it will acquire digital mapping company Navteq in a blockbuster $8.1 billion deal.The Finnish company plans to spend $78 per share for Navteq, a 22-year-old, Chicago-based outfit. The offer marks a 3-cent premium over Navteq's Friday closing price, and a 34%...
Alltel named best in show at CTIA 2007Alltel Wireless won an E-Tech award for best in show at CTIA Wireless 2007 for its Celltop application. Celltop allows Alltel customers to access, manage and organize information available on their phone via a format similar to...
Location-based services, like so many emerging technologies in the wireless space, for years have been on the cusp of widespread use among mobile-phone users. With more global positioning system-enabled handsets coming to market and more tech companies launching LBS applications that exploit previously untapped...
Hello! And welcome to our Thursday column, Worst of the Week. There's a lot of nutty stuff that goes on in this industry, so this column is a chance for us at RCR Wireless News to rant and rave about whatever rubs us the...
More than 15,000 people are expected to converge on Los Angeles as CTIA kicks off its Wireless I.T. & Entertainment show next week. RCR @ CTIAClick here for complete coverage of the CTIA Wireless I.T. show. Click here for the latest headlines from...
More than 15,000 people are expected to converge on Los Angeles as CTIA kicks off its Wireless I.T. & Entertainment show next week. The show takes place Sept. 12-14 at the Los Angeles Convention Center. CTIA said it expects about 300 exhibitors to participate...
Digital map developer Navteq announced a product licensing agreement with LandSonar, a predictive traffic supplier. The deal gives Navteq the right to use LandSonar's Predictive Speed product, which estimates trip time and advises routes based on driving speed combined with the continental road network...
Welcome to Hedgehogging. As you know from your own jobs, there is always something happening in the wireless industry. Some of it makes us stop what we're doing to clap, boo or simply question these developments. This column is a round-up of wireless happenings...
LAS VEGAS—Verizon Wireless celebrated its sixth anniversary this week with a blizzard of announcements, from devices and alliances to location-based services. First up, Verizon Wireless announced an alliance with Adobe Systems Inc. to initiate a mobile ecosystem built around Flash technology, allowing applications developers...
BEDMINSTER, N.J.-Verizon Wireless plans to enter the location-based services market next week with a GPS-based subscription offering. The carrier is expected to launch VZ Navigator, a $10-a-month downloadable application that includes mapping, audible turn-by-turn navigation and information on more than 14 million restaurants, gas...
BEDMINSTER, N.J.-Verizon Wireless plans to finally enter the location-based services market next week with a GPS-based subscription offering. The carrier is expected to launch VZ Navigator, a $10-a-month downloadable application that includes mapping, audible turn-by-turn navigation and information on more than 14 million restaurants,...
SAN FRANCISCO-If the kickoff for Navteq's Global LBS Challenge is any indicator, 2006 may be the year location-based services finally get legs. Software developers, reporters, venture capitalists and other insiders packed the room here Tuesday for the North American launch of Navteq's annual competition....
SCOTTSDALE, Ariz.-Destinator Technologies Inc. marked its entry into the North American market this week, opening its U.S. headquarters in Scottsdale, Ariz. The expansion coincides with the company raising $9 million in its B round of funding, bringing the total amount of capital raised to...
CHICAGO-Navteq, which provides digital map data for vehicle navigation and location-based services, said it has acquired PMI, a South Korean digital map company. The transaction is valued at $28.5 million.Navteq said the purchase gives it a local presence in South Korea."South Korea represents an...
CHICAGO-Navteq, which provides digital map data for vehicle navigation and location-based services, said it has acquired PMI, a South Korean digital map company.The transaction is valued at $28.5 million.Navteq said the purchase gives it a local presence in South Korea."South Korea represents an important...
CHICAGO-Royal Philips Electronics today announced the sale of 30 million shares of common stock in Navteq Corp., a provider of digital maps for vehicle navigation and location-based solutions, by its subsidiary Philips Consumer Electronic Services. Philips will gain about $1.13 billion on the sale...
Clearinghouse vendor NeuStar Inc. filed plans for a $690 million initial public offering last week, a further sign that the financial drought of the past few years is slowly washing away. Indeed, companies across the economic spectrum are seeing the light at the end...
SAN FRANCISCO-Mobile music, games and enterprise applications are beginning to flood the market, creating a buzz the industry hasn't seen in years. But while insiders salivate over "hockey-stick" projections for wireless data revenues, developers that haven't cultivated relationships with established carriers, publishers or well-known...
Handset maker LG Electronics Co. Ltd. will use push-to-talk software from Sonim Technologies in its line of GSM/GPRS and W-CDMA phones. Sonim said it is a member of the worldwide consortium that submitted the PoC phase 1 specification to the Open Mobile Alliance in...
CHICAGO-Navigation information technology company Navteq Corp. filed for a $500 million initial public offering. The company sells digital map information for automotive navigation systems, mobile navigation devices and Internet-based mapping applications.The company's announcement follows IPOs from other wireless-related companies, including Internet browser company Opera...
