Monday, March 13, 2017

A mysterious Turkish exile just bought luxury phone brand Vertu

If you’ve never heard of Vertu before, that’s okay. The British smartphone manufacturer is hardly a household name. It makes phones exclusively for the rich and gilded, with handsets regularly retailing for several thousand dollars. And now, it has a new owner. The Cyprus-based Baferton Ltd just acquired it in a deal valued at $60 million, or roughly £50 million. Baferton is headed by Turkish businessman Hakan Uzan – a man who, according to The Daily Telegraph, has a rather murky history. During the 1990’s the Uzan family borrowed money from Nokia and Motorola to launch a mobile network called Telsim.…

This story continues at The Next Web

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