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TeleNav quiet period ends June 21

June 16, 2010

TeleNav, which is the leading provider of mobile navigation services on the Sprint and AT&T networks, will see its quiet period end on Monday, June 21st. On May 12th, the company raised $56 million by offering 7 million shares at $8, below the range of $11-$13. J.P. Morgan and Deutsche Bank Securities acted as lead managers on the deal.