Nokia 4G Phone

UPDATE: Since this post was published the Nokia Lumia has launched.

It looks like Nokia is getting ready to launch a new 4G phone in the early part of next year. The device, codenamed Ace, will feature a 4.3 inch AMOLED ClearBack display and 1.4GHz processor.

Other specs include an 8 megapixel camera with 1080p HD video capture and 16GB of internal memory for storing games, videos and other multimedia in addition to expandable microSD storage and the latest version of Windows (Mango) pre-installed.

Expected launch date for the Nokia Ace is the first quarter of 2012.

Nokia is thought to be developing at least two other Windows 4G phones.