Nokia-branded handsets are returning to the market with the first announced device being a $26 dumb phone complete with the classic "Snake" mobile game.
Earlier this year, a company called HMD Global , which is formed of ex-Nokia executives, acquired the rights and intellectual property licenses from the Finnish firm. This gives HMD exclusive global brand licensing rights for the next 10 years.
Under the agreement, Nokia will receive royalty payments from HMD for sales of every Nokia branded mobile phone or tablet.
The first result of this deal is the Nokia 150 and Nokia 150 Dual SIM – two feature phones announced by HMD on Tuesday which will cost $26. They are so-called "dumb phones" – without internet connectivity.