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.

Filed in Cellphones >Rumors. Read more about and .

Discover more from Ubergizmo

Subscribe now to keep reading and get access to the full archive.

Continue reading