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Friday, May 4. 2007

NAVTEQ Loses TomTom One (Europe) Data Contract to Tele Atlas

GPS Business News reports that as part its Q1 conference call this week NAVTEQ noted it had lost the European account to Tele Atlas. Beginning in Q3 Tele Atlas data will be in use. TomTom One is the leading personal navigation device worldwide and has its largest market in Europe. NAVTEQ President and Chief Executive Officer Judson Green acknowledged the loss, but didn't identify it as a huge one.

[Disclosure: I'm a contractor to Tele Atlas.]

Posted by Adena Schutzberg in Satellite Navigation at 07:10 | Comments (0) | Trackbacks (0) | Bookmark and Share

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