Thursday, June 22, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook Focuses on Groups to Bring More People and Ad Dollars Onboard
Samsung Bundles a 24" USB-C monitor With Galaxy Book
Sega Brings Free Classic Games to Smartphones
Nissan-Renault to Launch Driverless Ride-hailing Service
Samsung Goes Retro With the Galaxy Folder 2 Flip Phone
Shuttle Debuts Fanless PC in a 3-litre Format
LG Display Showcases Flexible, Transparent 77-inch OLED
Samsung Begins Mass Production of Exynos i T200 IoT Chip
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 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
HMD's Nokia 6 Smartphone Set For Release In China
Nokia OZO Partners with Youku to Create and Distribute 3D 360 VR Content
Nokia Files More Suits Against Apple
Nokia Sues Apple For Infringement of Nokia Patents

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 .