Nokia Sells Their HQ Building in Finland
Written on 18.47 by Unknown
Nokia have been publicly struggling to regain some kind of major foothold in the smartphone market for the past few years. A controversial partnership with Microsoft saw them as the premier partner for the Windows Phone OS. But with both Microsoft and Nokia arriving, what can only be described as late, to the party with RIM, Apple and Google already in attendance, time is something that Nokia might not have much more of to turn their fortunes around.
Following job cuts and the shutting of sales offices, reports are now starting to surface that Nokia would consider disposing of non-core assets, one of which is their Finnish headquarters in Espoo. Nokia spokeswoman Maija Taimi told Reuters:
With the building worth anywhere between 200 and 300 million euros ($259-388 million), it would definitely help top up their dwindling cash reserves. It was in July that Nokia told its investors that they were looking to sell their properties.
via neowin
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