Vertu, the world’s leading manufacturer of luxury mobile phones, was purchased by entrepreneur Hakan Uzan in mid-March of 2017. The first big investment is coming with a major agreement with TCL Communication. This agreement, worth $40 million, will enable Vertu to use advanced and innovative technology from TCL Communication for 30,000 handcrafted Vertu high-end phones, … Read more
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 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