EQT-owned Vertu to replace Symbian with Android; Hire former Nokia executive Anssi Vanjoki as CEO

EQT-owned Vertu to replace Symbian with Android

We’ve already heard that Nokia is considering to sell its luxury arm Vertu. The word has comes that it’s a done deal with investment firm EQT VI buying the company from the Finnish company. The price is unknown at the moment, though some sources suggest it is valued at an estimated 200 million EUR (~$249 million). Moreover, Nokia will apparently maintain a 10% stake in Vertu.

So what can we expect from future Vertu phones? For one thing, the company plans to abandon Symbian and adopt Android as a main platform. No doubts we’ll see some specially designed themes on forthcoming Android smartphones from Vertu.

But that’s not all – we’re also hearing that the former Nokia executive Anssi Vanjoki will lead the new company. Mr. Vanjoki resigned from Nokia back in 2010, after not being promoted to the CEO role.

Nokia has never disclosed the specific financials of Vertu’s business, but EQT claimed the 2011 sales were 266 million EUR (~$334 million).

[Via: TechCrunch]

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