Nokia has been the brand name of smartphones sold by HMD Global for the past six years. Nokia-owned HMD plans to expand its portfolio and introduce phones under its own brand.

Jean-Francois Baril, Chairman and CEO of HMD Global, made the announcement. According to the executive’s LinkedIn page, both HMD and Nokia phones will coexist, and customers should expect a collaboration “with exciting new partners.”

Baril stated that HMD Global is “the fastest growing 5G smartphone manufacturer year on year” and a leader in sustainability with its repairable Nokia devices.

In order to create a new telecommunications world focused on consumer needs, the company is now ready to enter the market independently.

In addition to being one of the largest smartphone companies in Europe, HMD will soon begin delivering “high-quality, affordable mobile devices” to consumers worldwide. A timeline was not included in the announcement, but we expect to hear more about it shortly.