TOM2 TomTom NV

TomTom Traffic Increases Its Global Footprint to 54 Countries Adding Argentina and Colombia

TomTom (TOM2) today announced the introduction of its real-time traffic service in Argentina and Colombia, increasing the coverage in South America to four countries (after Brazil and Chile) and extending the global reach to 54 countries. Aiding the growth in countries has been the continuous growth in the supply of GPS location trace information to the TomTom traffic fusion engine which has now surpassed 500 million smartphones, transport systems and portable navigation devices. This increased volume of source data will pave the way for further geo-expansion opportunities in 2017 and beyond.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170112005790/en/

TomTom Traffic Increases Its Global Footprint to 54 Countries Adding Argentina and Colombia (Photo:  ...

TomTom Traffic Increases Its Global Footprint to 54 Countries Adding Argentina and Colombia (Photo: Business Wire)

TomTom is world renown for delivering high quality map based products and the introduction of real time traffic services in these new countries will offer up-to-date information on road conditions such as traffic congestions, roadworks and closures. With this information, drivers will be able to find suitable routes that help them to avoid the worst areas and enable them to save significant time during their journeys.

“Traffic congestion remains a major problem for many countries around the world – particularly in larger metropolitan areas,” said Ralf-Peter Schäfer, Head of Traffic and Travel Information at TomTom. “Argentina and Colombia are no different and now we can offer data to enable informed routing decisions taking into account the dynamically changing situation on the road from TomTom’s real-time traffic information”.

If you would like to know more about traffic visit the TomTom city website:

https://www.tomtom.com/en_gb/traffic-news/

-ENDS-

About TomTom

At TomTom (TOM2) our mission is to make technology so easy to use, that everyone can benefit from it. We created easy to use navigation devices, helping millions of people to get where they want to be. Today, we continue to simplify the complex, making technology more accessible for everyone. We have four customer facing business units: Consumer, Telematics, Automotive and Licensing. We make easy to use navigation devices, sport watches and action cameras for consumers. We enable businesses with vehicles to more easily manage and improve fleet efficiency whilst increasing overall business performance with our Telematics solutions. We also offer a world leading real-time map platform that is powering innovative location based services and helping to make automated driving a reality for the automotive industry. Founded in 1991 and headquartered in Amsterdam, we have over 4,600 employees and sell our products worldwide.

EN
13/01/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on TomTom NV

TomTom N.V.: 1 director

A director at TomTom N.V. bought 16,224 shares at 5.130EUR and the significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...

 PRESS RELEASE

TomTom maps to support Qualcomm Aware Platform

TomTom maps to support Qualcomm Aware Platform Qualcomm to utilize TomTom’s global map data to assist in providing efficient, secure, and comprehensive asset tracking solutions worldwide.Combining Qualcomm’s broad array of connected devices and TomTom’s mapmaking expertise provides a fully integrated, flexible platform to meet various asset visibility needs and address the most challenging use cases across industries. AMSTERDAM, April 30, 2024 (GLOBE NEWSWIRE) -- TomTom () the location technology specialist today announced it has been selected by a global leader in wireless technology...

Marc Hesselink ... (+3)
  • Marc Hesselink
  • CFA
  • Thymen Rundberg

TomTom/Binary outcome/HOLD

We see a binary outcome for the TomTom investment case. The company highlights commercial traction with the new Orbis map platform but we did not see tangible proof of this yet. Given the high fixed cost base and consequently high operational leverage this commercial traction is key and is the difference between low growth or high growth and cash generation. We remain in the middle but believe that the current 2025 ambition is too demanding. We reiterate our HOLD and cut our target price to €6.0...

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

ASML: 1Q24 Results; weak orders but case intact. CM.com: Reasonable 1Q24 trading update, positive EBITDA surprise. Just Eat Takeaway.com: 1Q24 trading update - slowly creeping back to order growth. Staffing: Dutch period 3 - March volume and revenue seeing slight recovery in the trend. TomTom: 1Q24 results - touch weaker but no major surprises

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

ASML: Preview 1Q24 – Building momentum. Fastned: Preview 1Q24 trading update. TomTom: Preview 1Q24, limited changes vs FY23. Xior Student Housing: Final formal step for the Basecamp deal

ResearchPool Subscriptions

Get the most out of your insights

Get in touch