Mobile handset provider, Nokia received green signal from the European Commission (EU) over the former’s acquisition of Navteq, a US digital navigation group. Nokia and Navteq were involved in a acquisition deal valued at near about $8.1 billion way back in October 2007.

The EU said that the deal will not thwart competition. "After an in-depth examination, launched in March 2008, the commission concluded that the transaction would not significantly impede effective competition," said EU.

Nokia is banking on Navteq to provide it a headstart in navigational services.  “Navteq will play a key role in our Internet services strategy with world-leading maps and navigation industry expertise, a strong customer base and industry-leading map data and technology platform offering the broadest geographical coverage,” said Olli-Pekka Kallasvuo, President and CEO, Nokia.