Nokia Finally Agrees to Sell Vertu to EQT VI
The rumors of Nokia plans to sell its subsidiaries engaged in a luxury phone, Vertu, was widely circulated. And, finally come true issue, which Nokia announced officially that EQT VI, a private equity firm in
Nokia releases Vertu because they do not support the plan going forward with Windows Phone. Later EQT VI will acquire 90% stake in Vertu, and the remaining 10% still remains in the hands Nokia. The share sale transaction will be done in the second half of this year, which seems a matter of time.
As is known, Vertu was established in 1998, where its headquarters are in England . Vertu has at least 1,000 employees worldwide. During this time targeting the upper segment of Vertu, by producing luxury phones. No doubt, the best technology and software owned harfdware Nokia are in each product, which makes mobile-phone-quality premium.
There has been no clear strategy with the new owner will Vertu EQT VI. Whether the latter will still run with the Nokia-style platform in each product? Or even going to release a fancy smartphone like the Android-based platform, given the decision will be in the hands of new owners. We wait for its development.
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