Vodafone: Wayfinder is no more

wayfinderIn December 2008, Vodafone bought the Swedish navigation company Wayfinder,  for SEK 240 million. Since then, both Nokia and Google launched their free  navigation services for mobile phones, which prompted Vodafone to give up hope of recovering their investment.

- We could not charge for something that others gave away for free, "says Anna Cloke, spokesperson for Vodafone UK

90 people will lose their jobs, including 55 in Malmö, Sweden. The other operations are in London and Romania. The staff were informed yesterday.

[Thx Marcus]

Author: Phat^Trance

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