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Vertu sells its luxury phone business to a Turkish exile
Vertu has been sailing rough waters ever since it Nokia spun it out, and it's not clear that things will get any calmer. The Telegraph reports that the luxury phone brand has been bought by Baferton, a company backed by Turkish exile Hakan Uzan, for about £50 million ($61 million). The move puts Vertu into the hands of a family whose relationship with Nokia is... troublesome, to say the least.
