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Nokia completes divestiture of Vertu

Posted: , by Maxwell R.

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Nokia completes divestiture of Vertu
All good things must come to an end. For Nokia, one of those things was their ultra-luxury phone unit, Vertu. Earlier this year, the Finnish telecom firm announced its intention to sell that business to EQT VI, a European private equity firm. That divestiture is now complete.

The financial terms were never fully disclosed, and Nokia retains a 10% stake in the company. Vertu is a breed apart when it comes to mobile devices. Most recently, Vertu just announced a new Constellation line of devices, packing sapphire crystal for the screen and buttons and other premium materials. 

The real experience of owning a Vertu are the services that the company makes available for their exclusive owners. The concierge service is the most visible and renowned. If you ever find yourself in Las Vegas or another high-profile market with a Vertu dealer, ask them about the concierge service, and you will hear stories beyond the common “tickets to a sold out event.” The service has a reputation of arranging amazing experiences for those that know how to burn through some money. The service certainly makes up for some technological gaps in the hardware (like EDOF cameras on some models). Those that use the concierge service enough are provided with a dedicated “lifestyle manager.”

In addition to the concierge, Vertu offers other services such as City Brief which provides the jet-setter with updates about their surroundings when in a new city. Vertu also provides services for their equipment, data back-up and dedicated tech-support. Being a high-life-style product, Vertu has partnered with premium brands around the world and even arranges for personal security detachments for those that want it or need a rapid response.

We will meet you at the private jet.

source: Mobile News CWP

16 Comments
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posted on 14 Oct 2012, 02:12 5

1. TheDarkKnight (banned) (Posts: 88; Member since: 12 Oct 2012)


Nokia should be dead in 2 yrs

posted on 14 Oct 2012, 03:28 12

3. Johnnokia (Posts: 515; Member since: 27 May 2012)


Hopefully, you will die instead.

posted on 14 Oct 2012, 04:10 8

5. TheDarkKnight (banned) (Posts: 88; Member since: 12 Oct 2012)


You should not say that.

posted on 14 Oct 2012, 04:14 7

6. Xperia.pendragon (Posts: 3; Member since: 14 Oct 2012)


hahaha

posted on 14 Oct 2012, 07:05 3

11. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)


If ur such a fanboy. Why dont u boycot Eflop....

posted on 14 Oct 2012, 07:08

13. TheDarkKnight (banned) (Posts: 88; Member since: 12 Oct 2012)


I hope that was directed towards johnnokia :-)

posted on 14 Oct 2012, 08:13 3

14. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)


Absolutely toward johnnokia!

posted on 14 Oct 2012, 07:03 6

10. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)


I agree tottaly. Why on earth did they employ Microsoft employe. Steven eflop. The company that hates Linux. They killed Maemo Meego. Symbian sold Vertu. Whats next....? Whats wrong with the shareholders. Why dont they kick the board members and Eflop out. Nokia have stopet making Nseries And 8800 series phone.....

posted on 14 Oct 2012, 02:17 2

2. andrew1953 (Posts: 174; Member since: 13 Nov 2011)


Never heard of it so no loss. Take out another for a two year contract Vertu.

posted on 14 Oct 2012, 03:29 8

4. Johnnokia (Posts: 515; Member since: 27 May 2012)


Nokia is a great company and did a huge favor for all of us.
Viva Nokia

posted on 14 Oct 2012, 04:35 2

7. Loubielou (Posts: 208; Member since: 11 Jul 2012)


Mr Elops Doom an Gloom at Nokia,We All know is plan,downgrade Nokia an then is Old Employees Microsoft will get All the Limelight by stepping in an Overtake Nokia,The Best way for Microsoft to get there Portfolio Improved

posted on 14 Oct 2012, 05:01 1

8. thelegend6657 (unregistered)


Now finally we can see some Android powered Vertu , yay !
Or at least make it runs on Windows Phone

posted on 14 Oct 2012, 06:47 7

9. Nookie4u (Posts: 127; Member since: 13 Aug 2012)


All good things must come to an end!?!? for some reason, reading that sentence made me count the days and wonder when Apple's time will come.

posted on 14 Oct 2012, 07:07 5

12. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)


Wishing hoping comes really very soon.

posted on 14 Oct 2012, 08:15 1

15. x88yunkw (Posts: 61; Member since: 20 Aug 2012)


Samsung has already overtake Apple in many ways even not in all aspects

posted on 14 Oct 2012, 15:24 2

16. xtroid2k (Posts: 362; Member since: 11 Jan 2010)


I really do wish the best for Nokia. I love my lumia 900. Am I nieve to the fact that putting all of its eggs in one basket was was a bad idea, no. Many companies come close to doom and then make it. Look at sprint. Look at RIM. I personally am rooting for Nokia and hope innovation can continue from this firm. Im tired of hearing about companies folding. That's bad for the economy as some companies closing would have global effects. Go Nokia!!

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