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Thursday, March 24, 2011

TomTom says mapping unit not up for sale

Dutch navigation and digital map maker TomTom (TOM2.AS), which is struggling with competition from map offerings by Google and Nokia, said it is not looking to sell its mapping unit, denying a report it might consider a sale. TomTom executive committee member Taco Titulaer told Reuters on Thursday its mapping division, formerly known as Tele Atlas and part of TomTom's content assets, is not up for sale. "Our content assets are core to our strategy and product offering," said Titulaer.

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