Vodafone Closes Navigation Venture : Are Telcos Losing Ground More Quickly?

Less than 18 months after investing US$30 million in acquiring the Swedish navigation company Wayfinder, Vodafone has announced it is to close the business and move existing customers over to new offerings, mainly provided by partners and handset makers.  This move became inevitable after Google and Nokia began offering free navigation services as part of the overall handset experience. Others now pay for Vodafone’s initial effort in driving data revenues...