Nokia was once one of the dominants in the phone market once and intends to be back soon in the smartphone markets after years of absence assuring to announce its new smartphone early 2017.

The old, Finnish company had a rough time, with Microsoft buying its phone business in 2014 but now returning to business with manufacturing partner HMD Global.

A company set up by former Nokia employees called HMD Global has licensed the Nokia brand name from Microsoft, struck partnerships with device manufacturer Foxconn and intends to launch an Android smartphone very soon.

This new smartphone will have a fierce competition from the two smartphone giants like apple and Samsung and the rising Chinese brand Huawei.

The head of HMD Global. Arto Nummela said he will launch the new smartphone early 2017, trusting the phone’s ability to compete.

The company relies in the phone’s production and marketing upon previous experience in the smartphone industry.

Nokia’s revenues severely declined when competitive apple brand appeared in the markets in 2007 led to a crisis in the company in 2011 to cut production eventually in 2014.

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