Finnish telecom equipment maker Nokia has announced its return to the mobile handset market with a new phone - the Nokia 150.

Costing just US$26 (S$37), the phone comes with a 2.4-inch screen, a VGA camera with LED flash and a built-in FM radio and MP3 player.

And in a nostalgic move, the Nokia 150 also has the classic game Snake, as well as an impressive 25 days of battery life.

"Beautifully designed with a polycarbonate shell that keeps its colour even when scratched, the Nokia 150 stays looking great whatever life throws at you," read the phone's description on the Nokia website.

The handsets, which come in black or white, reportedly go in sale in the first quarter of 2017 in certain regions of Asia and Europe.

They have been billed as "dumb phones" as they do not require Internet connectivity.

The Nokia 150 is the first Nokia-branded phone to be produced under new Finnish company HMD Global. Nokia had licensed its brand to HMD Global in May under a 10-year-agreement.