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Wale Bakare
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Supply Network Guru
Re: Nokia is selling its headquarter...
Wale Bakare   12/21/2012 11:10:08 AM
NO RATINGS

Would space letting out be sufficient in making Nokia regain its market success?

t.alex
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Supply Network Guru
Re: Nokia is selling its headquarter...
t.alex   12/20/2012 8:52:43 PM
NO RATINGS

They need cash, lots of cash.

Cryptoman
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Blogger
Re: Nokia is selling its headquarter...
Cryptoman   12/14/2012 2:32:30 PM
NO RATINGS

@Mr Roques

Nokia is not trying to sell its business. Well, at leas for now. Their operations will continue as normal within the same premises actually. The only difference will be they will have a significant cash boost as a result of this sale. However, they are likely to pay a rent for using the same place owned by someone else.

It's a bit like becoming a tenant in a property you used to own and live in.

Mr. Roques
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Supply Network Guru
Re: Nokia is selling its headquarter...
Mr. Roques   12/14/2012 2:19:25 PM
NO RATINGS

They are making their target bigger. If they are trying to sell the company, they sport a better balance sheet and now dont have to worry about selling buildings if the buyer wants to merge both firms.

Wale Bakare
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Supply Network Guru
Re: Nokia is selling its headquarter...
Wale Bakare   12/10/2012 12:14:36 PM
NO RATINGS

Well, if the strategy works fine - downsizing/outsourcing and letting space viz-a-viz. Would devising a new driver(s) for its mobile phone business not a best option? Or exploring other innovatives have all been exhausted?  

Cryptoman
User Rank
Blogger
Re: Nokia is selling its headquarter...
Cryptoman   12/10/2012 11:04:22 AM
NO RATINGS

I am not sure if outsourcing will be cheaper than having full-time employees working for Nokia. Maybe if the outsourcing is done in the Far East it could work out to be cheaper. If that is the case, the management overheads for such outsourcing could be quite expensive.

I also agree with Bolaji on Nokia's objective of strengthening the balance sheet.

Wale Bakare
User Rank
Supply Network Guru
Re: Nokia is selling its headquarter...
Wale Bakare   12/10/2012 10:46:47 AM
NO RATINGS

While redundancy has been going on for some times, is Nokia simply outsourcing many of its tasks?

Bolaji Ojo
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Blogger
Re: Nokia is selling its headquarter...
Bolaji Ojo   12/10/2012 7:56:28 AM
NO RATINGS

They aren't moving from the premises. They'll be leasing the same space back from the buyer and using the funds to strengthen the balance sheet.

Cryptoman
User Rank
Blogger
Re: Nokia is selling its headquarter...
Cryptoman   12/8/2012 4:17:16 PM
NO RATINGS

Nokia has not said how it is going to use the cash. I suppose the money will be used to pay for the expenses without making more staff redundant for a few more months.

Clairvoyant
User Rank
Supply Network Guru
Re: Nokia is selling its headquarter...
Clairvoyant   12/8/2012 2:46:03 PM
NO RATINGS

So I'm assuming they will be leasing office space instead? Any word on what their plans are to do with the money?

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