• Nokia smartphones are photographed with the Nokia logo on the background.

Nokia smartphones are photographed with the Nokia logo on the background. (Photo : Reuters)

Finnish company Nokia is reportedly working on a new handset, called the C1, which is expected to be the first smartphone to carry the Nokia logo since Microsoft acquired the company's mobile devices division in 2014.

Nokia CEO Rajeev Suri confirmed earlier this year the company's plan to enter back into the smartphone business by launching new handsets in 2016.

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The Nokia C1 has been subjected to many rumors and leaks recently, and now more details in regards to the phone's specifications have surfaced. The phone could be available in two variants. One of these variants will run on the Android operating system, while the other will run on Microsoft's Windows 10 Mobile OS.

In addition, the Nokia C1 could also be available in two different versions that sport different screen sizes and camera setups, according to Nokia Power User. One version could sport a 5.0-inch display screen, while the other could have a larger 5.5-inch screen, both having Full HD pixel resolution.

Also, the first model could pack 2GB of RAM along with 32GB of built-in memory storage, and the other could come with a 3GB RAM and a larger 64GB memory.

In terms of the camera quality, there could be an 8 megapixel rear-facing shooter along with a 5 megapixel front-facing snapper, and possibly a 13 megapixel primary camera with the same front shooter, according to GSM Arena.

Other specs and features for the Nokia C1 still remain unclear and nothing has been confirmed yet directly by the Finnish company.