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Brussels (AFP) Nov 28, 2007 EU regulators on Wednesday opened a detailed probe of Dutch technology group TomTom's takeover of Dutch firm Tele Atlas on concerns the deal could stifle competition in the market for hand-held navigation devices. The European Commission said it would rule by mid April whether to allow the 2.9-billion-euro (4.3-billion-dollar) takeover of Tele Atlas, a leading maker of digital maps, by TomTom, which makes portable navigation devices. The European Union's top competition watchdog said it had "serious doubts" the deal would "lead to a significant impediment to effective competition." Community Email This Article Comment On This Article Related Links GPS Applications, Technology and Suppliers
Galileo: Europe's answer to GPS
Brussels (AFP) Nov 27, 2007The European Union's Galileo satellite navigation system, which is supposed to be up and running by 2013, aims to break Europe's reliance on the US military-run Global Positioning System. |
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