TomTom Buys Out Joint Venture Partner In Indonesia

TomTom announced it is strengthening its position in the Indonesian market by buying out its joint venture partner PT Navindo. Consequently, TomTom increases its ownership from 75% to 100% in PT Tele Atlas Indonesia. TomTom reported that this step underlines TomTom's commitment to making its presence in Indonesia a success and exercise more flexibility in its local operations. The company will be renamed PT TomTom Indonesia.

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