As per the report, it has been found that Nokia is on the way to sell its luxury phone brand Vertu very soon. It is for the third time, time the company is going to sell the brand. This would be a logical move that will be come into focus very soon might be within a week. Nokia the Finnish mobile and smartphone manufacture has been in a talk with a private equity group EQT, to sell the brand. As per the report, it has been sourced from that from last six months; Nokia is on a move to divert itself from the odd brand.
The immediate change in this company strategy has made a legal move towards the intense process that has been thinking for. It has been estimated to gain a minimum of double digit growth in this process. Gaining a constant growth in the field of luxury phone, it has been stated that EQT VI will be actually covering the total of 90% of the company’s stock as a whole. And the remaining 10% will be still in the hands of Nokia. This seems that even after the selling of this magnificent brand, Nokia will remain as an integral part of the share.
Believing that good products amalgamated along with the perfect management team will be creating an unchanged motion in the minds of the patrons. However, being as a part of Nokia in the field of software manufacturing, introducing of Nokia Vertu Apps, marketing and sale of the same has been found that each and every prospect would be perfect with the equity. Moreover, only the back end functions and the systems are the included in the terms of the connections.
Again talking about the luxury phones, you would come to know that, Nokia has been creating a wide range of smartphones like the Lumia series of Lumia 710, which has no doubt reached the apex of the mobile generation.