Nokia to Sell Head Office for $222 Million in Turnaround Plan

Nokia to Sell Head Office for $222 Million in Turnaround Plan

Henrik Kettunen/Bloomberg

“Owning real estate is not part of Nokia’s core business and when good opportunities arise we are willing to exit these types of non-core assets,” Chief Financial Officer Timo Ihamuotila said in the statement. “We are naturally continuing to operate in our head office building on a long-term basis.”