Exhibit 99.1
FOR
IMMEDIATE RELEASE
Editorial
Contacts:
|
Jennifer
Schuh
|
|
Bob Richter
|
|
|
|
|
|
NAVTEQ
Corporation
|
|
for NAVTEQ
Corporation
|
|
|
|
|
|
Tel:
312-894-3913
|
|
Tel:
212-802-8588
|
|
|
|
|
|
e-M:
jennifer.schuh@navteq.com
|
|
e-M:
bob@richtermedia.com
|
Investor Relations
Contact:
Thomas R.
Fox
NAVTEQ
Corporation
Tel:
312-894-7500
e-M:
investorrelations@navteq.com
NAVTEQ Announces Approval of
Merger Agreement with Nokia
Chicago, IL
—
December 12, 2007 — NAVTEQ Corporation (NYSE:
NVT), a leading global provider of digital map data for vehicle
navigation and location-based solutions, announced that its
stockholders have approved the previously announced merger
agreement entered into with Nokia at the special meeting of
stockholders held earlier today.
Over 75% of the issued
and outstanding shares of common stock eligible to vote,
representing over 99% of the total votes cast at the special
meeting, were voted in favor of the adoption of the merger
agreement.
Adoption of the merger
agreement by NAVTEQ stockholders satisfies one of the conditions to completion
of the merger between NAVTEQ and Nokia. Completion of the merger is also subject
to receipt of regulatory approvals and the satisfaction of the
other closing conditions set forth in the merger
agreement.
Upon satisfaction of
the closing conditions and, subject to the terms and conditions of the
merger agreement, North Acquisition Corp., a Delaware corporation
and wholly-owned subsidiary of Nokia Inc., a Delaware corporation
and wholly-owned subsidiary of Nokia Corporation, will be merged
with and into NAVTEQ, each outstanding share of the
common
1
