(MENAFN) Finnish telecoms equipment maker Nokia said it was looking at re-entering the mobile phone market by striking a licensing deal with another firm, Arab News reported.
Nokia was the world's top mobile phone maker between 1998 and 2011 but was overtaken by South Korean rival Samsung after failing to respond to the rapid rise of smartphones.
The Finnish smartphone maker sold its handset to Microsoft in 2014 in a deal valued at USD7.2 billion, which dropped using the Nokia name on Lumia smartphones.
"The right path back to mobile phones for Nokia is through a brand-licensing model. That means identifying a partner," the Finnish company said in a statement.
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