Nokia (NOK) Sells Off Assets To Offset Losses – ValueWalk Premium
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Nokia (NOK) Sells Off Assets To Offset Losses

As mounting losses deplete cash, Nokia Corporation (NYSE:NOK) has turned to selling off assets it feels are no longer core to its operations.

In announcements today, Nokia Corporation (NYSE:NOK) has sold a clutch of about 500 patents to Vringo, a U.S. firm that deals in mobile technology and intellectual property. Separately, Nokia Corporation (NYSE:NOK) also sold its Qt software operations to Finnish IT company, Digia Oyj. The sale to Vringo . . .

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