Huh? No it doesn't. You turn all three of those off and you'll have no location data at all. Open google maps or any other application that wants location data and you're going to get a pop up message asking you to change your location settings.
Perhaps you're seeing a location in google maps because you have the cell tower option enabled, and mistakenly thinking that is in any way related to a GPS lock. Unless you enable the satellite option, it isn't.
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Alright, I see that it enables "Use GPS Satellites when you turn on GPS in the notification menu.