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Nokia to Swipe up NAVTEQ making a big move into GPS

Nokia has made a move to purchase the GPS unit make NAVTEQ, according to Engadget Mobile.  “Finnish telecom giant Nokia has announced its intention to purchase one of the world’s two digital mapping powerhouses (the other being TeleNav) in an $8 billion deal that should result in some pretty sick location-based services on your next N-series phone. Nokia expects to have pulled NAVTEQ into the fold by the end of Q1 2008; all hail NokTEQ.”

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