GPS BUSINESS NEWS

TomTom Confirms Agreement with Apple for Map Data



TomTom Confirms Agreement with Apple for Map Data
Dutch navigation and digital map maker TomTom today confirmed their licensing agreement with Apple “for maps and related information“ following yesterday’s announcement of the new mapping and turn-by-turn navigation software in iOS 6.

TomTom issued a statement on that topic this morning in what is likely to be their shortest press release ever: 27 words long including: “No further details of the agreement will be provided.“

TomTom share is likely to rebound this morning when the markets open.


Tuesday, June 12th 2012
Ludovic Privat


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