Nokia has agreed to sell its luxury phone division Vertu to EQT VI, a private equity firm from Northern Europe.
“With its strong brand, undisputed category leadership and attractive growth outlook, Vertu fits well with EQT VI’s investment strategy,” said Jan Ståhlberg, Partner at EQT Partners.
“EQT VI is excited about the opportunity to develop Vertu as a standalone company and plans to drive the development of the luxury mobile phone category through significant investments in …