Networks In Motion Sold For $170m

on 12/07/2009 02:31 PDT

What do you think the future will be for dedicated GPS receivers? With Google’s free GPS navigation solution, will it be bad news for companies like Garmin? In latest news, Networks In Motion, the company behind Verizon’s VZ Navigator, was just sold to TeleCommunication Systems for a cool $170 million. Considering that VZ Navigator isn’t free and costs $10 a month to operator, would you jump ship and head over to Google’s free offering instead? Read the full press release here.

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Verizon Verizon Communications Inc is a broadband and telecommunications company. It is mainly known for its Verizon Wireless division which is the largest wireless carrier in the United States, and one of the largest in the world. Verizon Wireless has traditionally used CDMA technology and was the first U.S carrier to deploy a 4G LTE network (Long Term Evolution). Learn more about U.S 4G Networks.

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