Nokia introduces 7 new entry-level mobile phones targeted at emerging markets.

The new basic line of Nokia includes the 1200, 1208, 1650, 2660, 2505, 2630 and 2760.

The Nokia 1200 and Nokia 1208 are optimized for phone-sharing and call-tracking.
The Nokia 1650 and Nokia 2660 are basic phones with a contemporary and clean design.
The Nokia 2505 (photo) is a new CDMA phone for Asia/Pacific, Middle East, Africa, China and Latin America.

The Nokia 2630 and 2760 are fashion oriented phones adding a bit more style to a standard feature set at an affordable price.

The new Nokia phones will be available in the second and third quarter of 2007 in select markets. Estimated retail prices, before applicable taxes and subsidies range from 35 to 90 EUR (~$47 - $122).
Via this Nokia press-release.

Nokia also has setup a micro-site for their entry-level phones for emerging markets here.