By Tarmo Virki
PARIS (Reuters) - Nokia (NOK1V.HE: Quote, Profile, Research, Stock Buzz), the world's top cellphone maker, was encouraged by a European Union decision last week to approve TomTom's (TOM2.AS: Quote, Profile, Research, Stock Buzz) acquisition of Tele Atlas TA.AS as it seeks to buy U.S. digital maps firm Navteq NVT.N, Nokia's finance head said.
"It was encouraging to me. It was right, and encouraging," Rick Simonson told the Reuters Technology, Media and Telecoms Summit in New York in comments heard by conference call in Paris on Monday.
In March, the European Commission opened an in-depth investigation into Nokia's $8.1 billion offer for Navteq. Nokia has received all other necessary approvals for the deal, including from United States authorities.
"Our discussions are productive there, they continue to be," Simonson said.
"We believe that we presented in the agreement how we would fairly handle fair, non-discriminatory offering of map data to other users ... that's the heart of why there isn't a competitive issue here," he said.
The European Commission has told customers and competitors of Nokia and Navteq that their deal resembles the TomTom-Tele Atlas transaction in some ways, confidential Commission questionnaires obtained previously by Reuters showed.
But some of the facts of the case were different from the TomTom-Tele Atlas deal.
Nokia is looking for new revenue sources as the mobile phone industry matures and buying Navteq would give it a stronghold in the navigation business, one of the fastest-growing segments in the technology industry. Continued...
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