After releasing devices like the Nokia C32 (pictured) this year, HMD now plans to launch its own smartphone brand. | Photo by Joan Cros/NurPhoto via Getty Images

HMD Global, the Finnish company best known for producing Nokia-branded smartphones, has revealed plans to launch its own line of mobile devices. On Monday, HMD Global CEO Jean-Francois Baril announced on Linkedin that the company will be expanding its portfolio with a new HMD brand that will co-exist alongside its Nokia phones and collaborations with “exciting new partners” that have yet to be disclosed.

“It has been a great journey as ‘HMD – the home of Nokia phones’ – an exclusive position we have held for the past six years,” said Baril. “Now we are ready for the next step on our journey – to enter the market independently as a force to create a new world for telecommunications focused on consumer needs.”

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