Nokia to sell Vertu to fund the smartphone business

The asking price for company is still unclear as Vertu doesn't publish its financial results separately, but evaluation is said to be currently taking place. The Vertu annual revenue is estimated to be somewhere between €200 million and €300 million, which seems like a lot considering the small market niche that Vertu services. Furthermore, the company is said to making a healthy profit each year, though there were no specific numbers mentioned.

Nokia has, reportedly, appointed Goldman Sachs to oversee the sale of its subsidiary. Vertu is said to have attracted quite a lot of interest from private equity groups and luxury goods brands, but talks are still at early stages.

Nokia has declined an official comment on the story, but more info should start coming up as negotiations advance.

Source: GSMArena

Tags: mobile phones, Nokia

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
The new mobile payment app offers simple checkout proces
 
It is also rumored to feature a larger 4.2-inch display
 
Will warn users when background apps access the camera
 
Windows Phone 8.1 and 10 users have been spared for now
 
The drive also includes a hefty 40GB of DDR4
 
The bug also affects Safari and the built-in Messages app on macOS and the Apple Watch
 
Now is a good time to check out other keyboards that the Android and iOS app stores have to offer
 
Old installer pulled, new version pointing to the Store
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
    123
45678910
11121314151617
18192021222324
25262728   




Poll

Do you use microSD card with your phone?
or leave your own version in comments (6)