Nokia sells more real estate to raise cash
On Tuesday, Nokia told the Finnish Stock Exchange that it had sold its Peltola campus for 30.5 million EUR ($40.8 million USD). The buyer was a company called Technopolis which provides business space in the country. 37,600sqm of the campus is rentable space. Nokia will lease back a small portion of the building.
Despite some success with its current top of the line Nokia Lumia 920, the company remains an also-ran in the global smartphone industry. The one time leader in the global smartphone market, Nokia is expected to soon introduce a new high-end Windows Phone model with a camera sensor similar to the 42MP one that adorns the Nokia 808 PureView.
source: GlobalNewsWire via BGR