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Nokia To Sell Luxury Phone Brand Vertu For $200 Million
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Nokia To Sell Luxury Phone Brand Vertu For $200 Million

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Finnish mobile phone maker Nokia is in talks with private equity group EQT to sell its luxury handset subsidiary Vertu for around 200 million euros ($249 million), sources familiar with the matter said on Wednesday. Vertu makes some of the world’s most expensive mobile phones, often featuring crystal displays and sapphire keys. The phones can cost more than 200,000 pounds ($310,900) due to previous metal components, although they are not the most technologically advanced phones. – via Reuters



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