Sunday September 20, 2020

Nokia sells head office in profit drive

Nokia, the struggling Finnish mobile phone maker, has agreed to sell and lease back its head office as it works to improve profitability by divesting assets.

4th December, 2012
2
Nokia: sells head office

Nokia, the struggling Finnish mobile phone maker, has agreed to sell and lease back its head office as it works to improve profitability by divesting assets.

Nokia agreed to sell the 48,000 square-metre building in Espoo, Finland, for €170 million to Exilion Capital and start a long-term lease, it said today.

The company is focusing on winning back smartphone users from Google Android devices and Apple iPhones as it divests assets as part of a turnaround...

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