14 DAY TRIAL // Finnish mobile phone maker Nokia has finally completed the sale of its luxury brand Vertu to investment firm EQT VI, though it will retain a 10 percent minority stake in the company.
1,000 employees are expected to be transferred from Nokia to EQT VI as part of the transaction, and it seems that some other changes are also planned.
Anssi Vanjoki, a Nokia veteran who left the company in 2010, is expected to become CEO of Vertu, yet nothing has been officially confirmed on the matter.
Moreover, new Vertu phones are now said to be powered by Android, and not by Windows Phone, which would mark a definite break from Nokia’s current plans for the smartphone market.
Nokia Vertu phones came to shelves with Symbian on board so far, but the platform has been long removed from the company’s plans, although handsets are still available for purchase.