Vertu Was Purchased By A Cyprus-Based Company

Vertu, the famed British company that specializes in manufacturing high-end phones, has been acquired by a Cyprus-registered company funded by an exiled and secretive Turkish business dynasty. The company was bought for about $61 million, and it’s worth noting that Vertu was originally founded by Nokia in the late 1990s.

Vertu Was Purchased By A Cyprus-Based Company

Before the acquisition, the firm was owned by a Chinese group named Godin Holdings, and hopefully, the purchase won’t affect the phones’ build quality and manufacturing techniques in significant ways. The new owners have direct ties with a Turkish individual named Hakan Uzan, who was found guilty of contempt of court in Britain in 2002.

By : 23 Mar 2017
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