Microsoft announced its intent to purchase Nokia’s mobile phone business unit. Microsoft to acquire Nokia’s Devices & Services business, license Nokia’s patents and mapping services. Microsoft Corporation and Finnish multinational communications and information technology corporation Nokia announced that the companies have decided to enter into a transaction whereby Microsoft will purchase substantially all of Nokia’s Devices … Read more
With results suggesting that it has outsold Nokia, and its marketing department staging a provocative PR campaign against Apple, the Korean manufacturer is dominating a competitive market
Nokia in talks to sell luxury Vertu unit-source Last December, Nokia, once the world’s dominant mobile phone provider, unveiled its plans to dispose of “non-core assets” and signalled its intention to sell the luxury arm Vertu. The cellphone maker talks with private equity group Permira were at an advanced stage on a possible sale which … Read more
Nokia Launching At Least One High-End Phone At MWC Barcelona Show This Month Nokia is expected to unveil a new, high-end phone like its Lumia 900 at the upcoming Mobile World Congress trade show, says Forbes quoting an industry source. The MWC show, the mobile industry’s largest annual conference, is scheduled to run in Barcelona … Read more
Nokia to sell luxury division VERTU Vertu, the luxury mobile phone division of the Finnish manufacturer Nokia, will be sold to allow the parent company to compete with Apple and other manufacturers of smartphones. The supervision of the Vertu sale was entrusted to Goldman Sachs, but the transaction is still in an early stage. Given … Read more