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back to article Nokia eyes private equity buyer for bling-phone firm

Private equity firm EQT appears to be back in the running as a potential buyer of Vertu, Nokia's wholly owned maker of bling-phones for the extremely well-heeled. Newsagency Reuters today said sources familiar with the sale negotiations had claimed Nokia wants €200m ($251m/£161m) for Vertu and its currently trying to persuade …

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The high cost

Is apparently due to "previous metals" according to Reuters...

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I've been in one of their shops in HK.

When I asked about why such a shit phone cost so much, I was told about some concierge 24/7 service or other and what its make from.

I then replied "if I had a enough money to buy a £10k phone I be rich enough to employ a personal assistant 24/7 and gold or platinum plate an Iphone or Galaxy S3"

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Flaunting wealth by squandering it?

Maybe it's akin to the (legendary?) custom of some Pacific Island chiefs of destroying valuable pots simply to demonstrate their wealth - carry a terribly overpriced S40 or S60 phone to show that you have so much money you can burn it in public without wincing

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Re: Flaunting wealth by squandering it?

Which is not so different from splashing on

- iPhone

- $luxury_car_brand

- $clothes_brand

- $wine_brand

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Anonymous Coward

So, after Nokia sells off Vertu...

Will that mean that Microsoft can claim TWO manufacturers of Windows Phone devices?

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Re: So, after Nokia sells off Vertu...

Err no, Vertu uses S60 not WP7 as its OS.

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Unhappy

Oh dear

Looks like they're running out of things to sell in their fire sale. How the mighty have fallen.

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Mushroom

Elop

I wonder if the Nokia board didnt make a mistake when they hired Elop, they should have appointed him to Vertu instead the main company...

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The allure of luxury

I lost my wallet last week, a perfectly seviceable Kiki James model KJ039-0085, £49.00. I was about to re order when my attention strayed to the functionally similar Mulberry 8 Card Coin Wallet at £200.00 - four times the price. I'm not a deluxe kind of guy but have to say this eye watering price has bought extended and possibly lasting satisfaction.

Just saying.

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Re: The allure of luxury

You could have got it for £96 at ukmulberrybagssale.net. haven't you heard of shopping around?

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Anonymous Coward

Re: The allure of luxury

But buying it at the discount price wouldn't have provided the same sort of eye-watering satisfaction, would it?

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If they wait a little longer, they can get the rest of Nokia for not much more.

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Anonymous Coward

My Advice...

Wait a couple of months, and they will be able to pick them for for a tenner from the Nokia administrators.

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