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Nokia looks to sell its Finnish headquarters

After searching the furniture for cash
Wed Oct 03 2012, 12:18
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FINNISH PHONE FLOGGER Nokia is looking to find a buyer for its headquarters in Espoo, Finland, as it attempts to sell off some of its "non-core" assets.

According to Reuters, the move comes at a time when the firm has been trying to improve its finances through sweeping job cuts.

The news doesn't come as a surprise to investors, who were told by Nokia back in July that it was also looking to sell properties.

"We are evaluating different options for non-core parts, such as real estate holdings, and that includes the headquarters," a Nokia spokesperson said.

Nokia's headquarters office is a large glass and steel building by the Baltic Sea that apparently is valued at around £160m to £240m, Finnish newspaper Iltasanomat reports.

In a move to boost the firm's presence in the enterprise market, Nokia announced on Tuesday that it will give enterprise software firm Oracle access to its mapping services.

The deal has seen Oracle develop a link between the Oracle Fusion Middleware product Mapviewer and the Nokia Location Platform (NLP).

Announced at the Openworld conference in San Francicso, the link removes the barrier of customised map integration and extends global maps for business use to Oracle users. µ

 

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