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Troubled NOKIA Sells Finland HQ Building For Re. 1200 Cr

PUBLISHED BY: SURENDER KUMAR
DECEMBER 05, 2012

   
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The Finnish mobile maker Nokia, which faces cash-flow problems, has agreed to sell its head office building outside Helsinki for $ 222 million (Re. 1200 Crore apprx ). The building has been sold to Finnish real estate company Exilion in a transaction to be completed by year-end.The now-troubled troubled group, once a dominant force in the global handsets market, recently posted its sixth quarterly loss in a row, burning cash as it restructures itself.

 

 

 

 

The glass-and-steel waterfront structure had been built in Espoo in the 1990s, during the telecom boom years when Nokia became the world's biggest mobile phone maker.
 

 



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