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Slideshow Nokia in talks with EQT to sell Vertu: sources Tweet Share this Email Print Related News Worries mount as Nokia burns through cash Fri, May 18 2012 Analysis & Opinion Iran’s oil sanctions are just beginning to hurt Counterparties: The bank capital battle Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » A collection of mobile phones made by Nokia is pictured in this photo illustration taken in Warsaw May 8, 2012. Credit: Reuters/Kacper Pempel By Georgina Prodhan LONDON | Wed Jun 13, 2012 9:04am EDT LONDON (Reuters) - Finnish mobile phone maker Nokia is in talks with private equity group EQT to sell its luxury handset subsidiary Vertu for around 200 million euros ($249 million), sources familiar with the matter said on Wednesday. One of the sources, who declined to be named because talks were still in progress, said a deal could come as early as this week but there was still a chance it could fall through due to the difficulty of carving the unit out of Nokia. Vertu makes some of the world's most expensive mobile phones, often featuring crystal displays and sapphire keys. The phones can cost more than 200,000 pounds ($310,900) due to previous metal components, although they are not the most technologically advanced phones. Permira, another private equity group, had previously been in talks to buy Vertu but did not make an offer, according to sources. Nokia, once the world's leading mobile phone company but is now struggling with falling market share, has said it plans to sell "non-core assets". ($1 = 0.8028 euros) ($1 = 0.6432 British pounds) (Additional reporting by Simon Meads; Editing by Elaine Hardcastle) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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