According to a recent report by the Financial Times, Nokia is in discussions to sell of its luxury mobile phone brand, Vertu in a deal which is reported to be worth 200 million Euros.
Nokia’s Vertu branded mobile phones are high end devices not in terms of specifications, but what they are made from, gold and other precious metals, which retail for around $20,000.
According to the report Nokia is in talks with a private equity firm called Permira, and if the deal goes through Nokia could end up selling their Vertu brand for 200 million Euros which is about $265 million.
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