Vodafone Closes down SatNav Subsidiary Wayfinder

14 months after Vodafone acquired Wayfinder,the wireless operator just announced the closure of their Sweden-based mobile navigation and LBS subsidiary,citing competitive pressure on the market from Nokia and Google. Why is the giant Telco wiping off a $30 million investment? What does it mean for the market? GPS Business News reports.

Vodafone Closes down SatNav Subsidiary Wayfinder
Last wee…

Comments are closed.