Browsing: Vertu

It seems there is a market for ­people willing to pay between R50 000 and R159 000 for a phone from luxury brand Vertu. This is a trend that is expected to grow. A case in point is the R69 000 offered on Bidorbuy, no less, for Vertu’s relatively cheap Ascent Red phone. Vertu employee Antonio Ambrosio

Troubled phone maker Nokia is attempting to unload its luxury mobile-phone brand, Vertu, for a reported $265 million (€200 million), the Financial Times is reporting. Nokia is being advised by Goldman Sachs on the deal and is currently in talks to sell the brand to private equity group Permira. For the baller