Wednesday, September 20, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Pimax Launches First 8K VR Headset
New Amazon Fire HD 10: 1080p Full HD Display, Faster Performance, for $150
CyberLink Introduces 360 Video Editing Tools with PowerDirector 16 and Director Suite 6
Pioneer Introduces New CDJ-2000NXS2-W and DJM-900NXS2-W
AUO Presents 85-inch 8K4K Bezel-less TV Display
South Korean Government Wants to Stop Technology "Leaks" to China
Fujitsu Develops Wearable, Hands-Free Speech Translation Device
Dell Sees Solid Growth in Worldwide PC Monitor Market
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > Nokia t...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, December 04, 2012
Nokia to Sell Its Espoo Head Office Building


As it was previously reported, Nokia has agreed to sell and lease back its head office building in Espoo, Finland on a long-term lease to Finland-based Exilion. The company expects to complete the sale by the end of 2012.

The selling price is EUR 170 million.

"We had a comprehensive sales process with both Finnish and foreign investors and we are very pleased with this outcome. As we have said before, owning real estate is not part of Nokia's core business and when good opportunities arise we are willing to exit these types of non-core assets. We are naturally continuing to operate in our head office building on a long-term basis," said Timo Ihamuotila, CFO, Nokia.

Nokia has operated in the building since 1997. The 48,000 m2 building, designed by architect Pekka Helin, is located in Keilaniemi, Espoo, Finland.

Nokia's announcement comes amid fierce competition in the smartphone market in which the former No.1 phone maker has been edged out by Samsung and Apple's iPhone. Nokia has already announced 10,000 job cuts and is streamlining operations to save 1.6 billion Euros by the end of 2013.


Previous
Next
New AMD Opteron 4300 and 3300 Series Processors Target The Cloud        All News        Apple Launches iTunes Store More Countries
Nokia to Launch the Lumia 920T in China, New Lumia 620 in Other Regions     Mobiles News      Qualcomm To Invest On Sharp

Get RSS feed Easy Print E-Mail this Message

Related News
Nokia Receives Decision in Patent License Arbitration with LG Electronics
Nokia 8 Shipped With ZEISS Optics
HMD Launches New Nokia 105 and Nokia 130 Basic Phones
Nokia 6 Smartphone Will be Available on Amazon
Nokia Unveils the World's Fastest Routers
Nokia and Apple Settle All Litigation, Sign Patent License and Business Agreement
Nokia Focuses On Virtual reality With Upgraded 'OZO Reality' Solutions
HMD Brings Nokia's Classic 3310 Phone Back
Nokia Captured 9 Percent Global Feature Phone Marketshare in 2016
BlackBerry Sues Nokia Over Patents
Nokia Launches Digital Assistant For Telecommunications Operators
Nokia Rumored To Develop Own "Viki" Mobile Digital Assistant

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .