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Nokia may sell Vertu to stand tall in competition

Vertu, the luxury mobile phone manufacturer who is owned by Nokia may be up for sale as the Finnish mobile manufacturing giant is looking to overhaul their
December 09, 2011 / 10:40 IST

Vertu, the luxury mobile phone manufacturer owned by Nokia may be up for sale as the Finnish mobile manufacturing giant is looking to overhaul their business. This is being done in an effort to withstand the competition from other smartphone manufacturers by using the money acquired from the sale of Vertu. According to a report by the Financial Times, unnamed sources have informed them that Nokia has appointed Goldman Sachs to advise them on the on the sale of the British-based luxury handset manufacturer.

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