Nokia Officially Selling its Headquarters

So far, Nokia seems to have a hit on its hands with its new Windows Phone 8 handsets, particularly the Nokia Lumia 920. Success for the Lumia 920 is indicated by tons of sell outs in stores and quite a bit of consumers positively talking the handset up, despite a few minor issues that have been reported.

Still, one big win like the Nokia Lumia 920 doesn’t magically make all of Nokia’s fiscal problems go away. It seems that Nokia has finally agreed to sell its Espoo, Finland headquarters over to Exilion Capital. The Finnish property group will pay 170 million euros, around $223 million, for the property and will then agree to lease the property back to Nokia.

For those that have followed this story in the past, this quite a bit less that Nokia was originally thinking it would get when it considered the deal. How much less? Originally they wanted between 200 and 300 million euros.

The deal will complete by the end of the year. So what exactly does all of this mean? Not a whole lot yet, other than Nokia no longer owns the real estate behind its now-rented headquarters. It’s hard to say how the money will help Nokia, or whether the company’s troubles are now over.

Nokia’s future is still very much unknown, but the continued success of Windows Phone 8 is going to be crucial to its survival, that much is clear.

What do you think of this news, a sign that Nokia is falling apart or not really that big of deal in the grand scheme of things?

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