Nokia will move its remaining operations to another Finland-based campus where its networking business is based.
The new facility for the Galaxy S maker is apparently set to open in Espoo, Finland, on June 13, and will focus on "advanced technologies."
It looks to be smooth sailing as Microsoft takes over Nokia's devices and services business.
Microsoft's planned $7.2 billion acquisition of Nokia's devices and services business wins approval from the Justice Department, but it still has to face the European Union.
The company reportedly told Reuters that it's evaluating all options, including offloading its headquarters in Finland. But in a statement to CNET, it says it has no plans to move.
With no mobile phone business, the chairman of Nokia's board acknowledges the challenges ahead but points to three product areas that he says will drive the company.
The beleaguered phone maker's CFO says the deal to sell and lease back its head office is expected to close by the end of this month.
The two companies had advanced discussions about a deal, but the talks have faltered, according to the Wall Street Journal.
Outgoing CEO Stephen Elop, who'll head back to Microsoft with the $7.2 billion acquisition, says Nokia didn't have enough clout on its own to rise again in the mobile market.