Two years after dropping out of the global mobile phone race, Nokia is seeking a comeback with plans to create new smartphones and tablets.
Once the world's biggest maker of chunky handsets, Nokia's aging technologies were eclipsed out of the market in 2014 and has now licensed its brand to Finnish company HMD Global to create Nokia-branded products, Fairfax reports.
No word yet as to whether Snake, a favourite of the brick-phone era, is making a comeback.
The $350 million agreement will last 10 years and see HMD Global and Taiwanese partner Foxconn take over Microsoft's phone business, InDaily reports.
With HMD looking to invest more than $US500 million into the venture, Nokia will only receive royalties from brand licensing and intellectual property fees.
The deal will see smartphones and tablets run on Android and try to crack an already tough market dominated by mobile phone giants Apple, Samsung and Huawei.