Nokia considers selling luxury mobile phone brands Vertu

The Vertu of the materials and the ornate design have not been included in the consumer electronics category. Sina Science and technology news Beijing time December 8 morning, according to people familiar with the matter, Nokia is considering selling its luxury mobile phone brand Vertu to streamline its business structure and compete with other smartphone makers. It is said that Nokia has designated Goldman to be responsible for the sale of the sector, but negotiations are still in its infancy. Vertu is a Nokia subsidiary in the UK specializing in the production of luxury handsets. The company's annual revenue is about 200 million to 300 million euros (about 268 million to 402 million dollars). Vertu has attracted the attention of private-equity funds, according to people familiar with the matter. And because Vertu is popular in emerging markets such as China and has the potential for cross-border marketing, several luxury brands are also watching. Nokia and Goldman Sachs have not commented on this. (Yan Fei)