Tuesday, June 02, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
E FUN Introduces Affordable Flexx 2-in-1 Windows Tablets
Atmel Showcases System Solution for Wearables at Computex 2015
Sony Delivers New Entry-level Professional Camcorder, New 4K Laser Projection Options And Professional Laser and Lamp Projectors
GLOBALFOUNDRIES Provides Design Flows For 14nm FinFET Chips
COMPUTEX: Shuttle Unveils PCs with Broadwell Core i3, i5 and i7 Processors
Computex: New Dell Inspiron Laptops, 2-in-1 and Desktop Devices For Everyday Computing Needs
SSDs Hit Pricing Sweet Spot
Creative Introduces Draco HS880 Gaming Headset
Active Discussions
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
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 Networks to Acquire Eden Rock
Judge Rules in Favor of InterDigital in ITC Action Involving Nokia, Microsoft
Nokia Won't Return To Phone Manufacturing
Nokia to Buy Alcatel-Lucent
Nokia May Buy Alcatel-Lucent Wireless Business
Nokia 215 Unveiled
Lumia 635 Comes to Boost Mobile, Virgin Mobile USA and Sprint
Nokia's First Brand-licensed Product Is The N1 Android Tablet
Nokia Teases With Mysterious New Product
Nokia Brand May Return In The Future: CEO
Microsoft's First Nokia-free Lumia Coming Next Week
Lumia 635 Coming to Cricket Wireless

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .