Nokia sells Finnish headquarters amid financial troubles

Nokia’s headquarters in Espoo, Finland.
(Credit: Nokia)
Nokia said this morning that it will sell its head office in Espoo, Finland, to software consultancy firm Exilion for 170 million euros ($222 million).
The struggling phone maker said in a statement that it will lease back the head office at a lower price, but Nokia did not disclose any additional figures.

The move comes as the phone maker, which has suffered over the past year with poor quarterly financial results, continues to struggle in a market dominated by companies such as Apple and Samsung.
Nokia’s chief financial officer,…

Follow this link: Nokia sells Finnish headquarters amid financial troubles

http://genf20.com

About The Author

RSS Hot Search Trends

Archives

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 379 other subscribers