Nokia to sell luxury unit
An article in the Financial Times brought the news, although no buyer is mentioned. The annual revenue of the unit is thought to be between £1.7 and £2.5 million. Vertu was established in 1998, when the concept of luxury mobile technology was approved by the board of leading mobile handset maker Nokia.
Vertu luxury mobiles are adorned with diamonds and other gems with prices starting at around £3,400 for the Constellation model.