Thursday 4 October 2012

Nokia would sell its headquarters


In financial turmoil, Nokia is looking for ways to feed its coffers. The sale of its head office seems to be a solution, but the former world number one mobile phone does not count as moving.

Nokia did not record profits for five consecutive quarters, which raises more suspicion on the part of investors. Nokia finds itself at an impasse and must find ways to keep the business afloat. It is for this reason that Nokia said it would sell its headquarters but does not count as moving. Timo Ihamuotila, CFO of Nokia said today
in Finnish daily Helsingin sanomat : " We try to find different opportunities for our real estate assets. Our research also includes a possible sale of the headquarters. however we have no plans to move headquarters elsewhere. "

The headquarters of the Finnish company called Nokia House, is located seaside in Espoo, a suburb of Helsinki. The building was built in the 90s glorious period for the former number one since he knew at that time exponential growth, taking advantage of the boom in mobile telephony. Today Nokia bets on Windows Phone, thanks to support from Microsoft , and is undergoing restructuring, as evidenced by its recent layoffs.



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