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Nokia smartphones are poised for a comeback after former managers at the Finnish company licensed the handset brand from Microsoft and struck up partnerships with Google and phone manufacturer Foxconn. While Nokia Corporation does not invest directly in HMD, it has representatives on the company's board to oversee performance and brand requirements.

HMD's point is to sustain Nokia's worldwide image achieve, providing stunningly composed, awesome cell phones and tablets to individuals while keeping up the organization's image duty. Microsoft acquired Nokia's mobile phone business two years ago for $7.2 billion.

Nummela said he believed his team's extensive industry relationships with carriers and retailers, powered by the Nokia brand, could help them quickly capture smartphone share by convincing entry-level buyers of its feature phones to upgrade in markets like India, Indonesia and Russian Federation. According to Geekbench's listing, the new Nokia Smartphone Pixel will feature high-end display and will run the latest Android Nougat firmware out of the box.

Under the agreement, Nokia will receive royalty payments from HMD for sale of every Nokia branded mobile phone and tablet, covering both brand and intellectual property rights. The surviving part of Nokia, Nokia Technologies, has a seat on the board of directors of HMD.

One of the phones that we've been talking about for quite a long time is the Nokia D1C, which was leaked numerous times in the past.

"We see this as a brilliant opportunity to solve real-life consumer problems and to deliver on the quality and designs that the Nokia brand has always been known for", said Nummela.

Nokia has today confirmed that it will return to the smartphone business in early 2017 with new Android-powered handsets.

HMD is also going to extend its presence on the huge feature phone market using the Nokia name, which is likely to have a big impact on sales given the old Finnish brand used to be the main vendor of cheap non-smartphones globally.

It's official, Nokia smartphones will be launched next year.

HMD has also revealed its leadership team, who consist mostly of Nokia veterans from Microsoft Mobile, though some have served in senior roles with HTC and Motorola.