Vertu, a brand known by some as being the luxury mobile phone division belonging to Nokia has long put out devices that could easily set customers back several thousands of dollars. This is due to the materials used in the build of the phones which can sometimes include rare stones, crystal displays and sapphire keys. In any case it would seem that Nokia is currently looking to sell off Vertu according to a source familiar with the company’s strategy.
While there has been no official word or confirmation, it has been suggested that some companies interested in purchasing Vertu includes private equity groups Permira and EQT, with the former reportedly at an advanced stage of the sale which could raise up to 200 million Euros (~$265 million). For those who might not recall, back in 2011 Nokia indicated their intentions to sell Vertu but until today there has been no official word.
- 2014-04-13: Nokia Monarch Could Be T-Mobile's Lumia 635
- 2014-04-11: Nokia To Provide Chennai Factory Workers With Redundancy Packages
- 2014-04-10: Only PureView And High-End Nokia Handsets To Get Dedicated Camera Button [Rumor]
- 2014-04-09: Facebook Messenger For Asha, Lumia, Nokia X Announced
- 2014-04-09: Nokia X Custom Android ROM Revealed
- 2013-01-31: Vertu Smartphone With Android Not Confirmed Just Yet
- 2013-01-29: Vertu Android-Powered Smartphone Not Cheap At All
- 2012-06-14: Windows Phone 8 seen on Vertu handset?
- 2012-06-14: Nokia sells off Vertu, reshuffles executives and announces plans to lay off an additional 10,000 workers
- 2011-12-07: Nokia plans to sell Vertu?