TomTom Gains with Tele Atlas; Garmin Signs with Navteq
Thwarted in its latter-day attempt to buy digital mapmaker Tele Atlas out from under TomTom, GPS manufacturer Garmin International has signed a long-term deal with rival map provider Navteq.
Under the agreement announced November 16, Garmin will extend its current six-year agreement with Chicago, Illinois–based NAVTEQ to access to map data through 2015 with an option to continue through 2019.
By Glen Gibbons