HMD Global, new exclusive licensee of Nokia-brand for cellphones, unveiled on Tuesday its first phone model Nokia 150, and said its estimated retail price, excluding taxes and subsidies, was $26.

HMD, a new company headquartered in Finland, will bring a new generation of mobile phones to consumers through an existing feature phone business and new smartphone range. With the launch of Nokia 150, HMD Global will further strengthen the Nokia feature phones portfolio.

The Nokia 150 and its dual SIM version, come with built-in FM radio, MP3 player, and 2.4-inch screen, a Nokia user interface and a keypad. The phones, which offer standby times of up to a month, will become available in selected markets in the first quarter of 2017.

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