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…

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…

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