The European Commission (EC) gave the greenlight today to Nokia's purchase of US digital navigation group Navteq after finding the deal would not thwart competition.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		</script> </DIV><p class='TableClas'>"After an in-depth examination, launched in March 2008, the commission concluded that the transaction would not significantly impede effective competition," Europe's top antitrust watchdog said in a statement.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>Nokia announced plans in October last year to buy Navteq, which makes digital maps for cars, mobile devices and the Internet, for $8.1 billion (5.1 billion euros).&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <BR><BR>The Chicago-based group offers digital maps for 69 countries in six continents that can be read by most navigation systems available in North America and Europe. </P></p><p class='TableClas'></p></table>


EU regulators clear Nokia's takeover of Navteq

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