PR – 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
and Chief Financial Officer, Nokia.