CHICAGO, January 6 /PRNewswire/ --

- Acquisition Signals Aggressive Expansion of Real-Time NAVTEQ Traffic to Europe

NAVTEQ, a leading global provider of digital map data for location-based solutions and vehicle navigation, has completed its previously announced acquisition of T-Systems Traffic, GmbH (T-Traffic), a leading provider of traffic services in Germany. The acquisition marks a significant step in NAVTEQ's program to expand its traffic offering in Europe.

T-Traffic is a provider of traffic services in Germany, with approximately 55 employees. The acquisition will enable the launch of NAVTEQ Traffic(TM), a real-time traffic service already available in the U.S. and Canada, in Germany which is central to European navigation because of its large user base and home to many leading automotive companies. T-Traffic's traffic services include data from private traffic sources and are already used by major PND and automotive customers.

NAVTEQ will incorporate T-Traffic extraction and processing capabilities into its existing capabilities for best-in-class traffic worldwide. When used together with community and probe based traffic data sourced from navigation devices and cellular telephones, this technology will enable rollout of traffic solutions around the world.

We are committed to an aggressive roll-out of best-in-class traffic services in Europe, commented John MacLeod, executive vice president, NAVTEQ Connected Services. We expect to quickly launch real-time NAVTEQ Traffic and to expand it throughout Europe. We will also leverage T-Traffic expertise in the extraction and processing of probe and community-sourced traffic data and integrate it into NAVTEQ's global traffic processing system.

About NAVTEQ

NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. NAVTEQ creates the digital maps and map content that power navigation and location-based services solutions around the world. The Chicago-based company was founded in 1985 and has approximately 4,000 employees located in 196 offices and in 43 countries. NAVTEQ is a fully-owned subsidiary of Nokia Corporation.

About Nokia

Nokia is the world leader in mobility, driving the transformation and growth of the converging Internet and communications industries. We make a wide range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Developing and growing our offering of consumer Internet services, as well as our enterprise solutions and software, is a key area of focus. We also provide equipment, solutions and services for communications networks through Nokia Siemens Networks.

NAVTEQ, NAVTEQ Traffic and Nokia are trademarks in the U.S. and other countries. All rights reserved.

It should be noted that certain statements herein which are not historical facts, including, without limitation, those regarding: A) the timing of product, services and solution deliveries; B) our ability to develop, implement and commercialize new products, services, solutions and technologies; C) expectations regarding market growth, developments and structural changes; D) expectations regarding our mobile device volume growth, market share, prices and margins; E) expectations and targets for our results of operations; F) the outcome of pending and threatened litigation; G) expectations regarding the successful completion of contemplated acquisitions on a timely basis and our ability to achieve the set targets upon the completion of such acquisitions; and H) statements preceded by believe, expect, anticipate, foresee, target, estimate, designed, plans, will or similar expressions are forward-looking statements. 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Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Nokia does not undertake any obligation to update publicly or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.

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Jennifer Schuh of NAVTEQ, +1-312-894-3913, jennifer.schuh@navteq.com; or Bob Richter, +1-212-802-8588, bob@richtermedia.com, for NAVTEQ; Photo: http://www.newscom.com/cgi-bin/prnh/20060313/NAVTEQLOGO