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Wireless content provider snags $30 million

PocketIT, which is powering a wireless map service in about two-dozen European cities, got a fresh infusion of $30 million from investors such as HSBC Holdings, which is now the largest shareholder in the company, PocketIT announced Friday. Other investors include Norway's Okla Media, which now owns a 22 percent stake in the company, and Glastad Capital, a new investor that took a 7 percent stake. PocketIT helps wireless users get maps and directions downloaded to their handheld devices. The service is available in about 25 cities in Europe, and the company plans to launch service in Munich, Berlin and Rome by year's end.

PocketIT, which is powering a wireless map service in about two-dozen European cities, got a fresh infusion of $30 million from investors such as HSBC Holdings, which is now the largest shareholder in the company, PocketIT announced Friday.

Other investors include Norway's Okla Media, which now owns a 22 percent stake in the company, and Glastad Capital, a new investor that took a 7 percent stake. PocketIT helps wireless users get maps and directions downloaded to their handheld devices. The service is available in about 25 cities in Europe, and the company plans to launch service in Munich, Berlin and Rome by year's end.