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[29 Mar 2008 | No Comment | 441 supporters]

Espoo, Finland – Nokia announced today that the European Commission has initiated a Phase II review of the pending acquisition of NAVTEQ. This is part of the Commission’s review process, and does not in any way signal the ultimate outcome.
 
“We have engaged in an open and constructive dialogue with the Commission in order to find agreement on the acquisition of NAVTEQ. We have listened to the Commission’s concerns, and look forward to finding a common understanding that will enable the transaction to be closed,” said Rick Simonson, Executive Vice President …