The phone’s maker, Lenovo Group Inc., is partnering with Verizon Communications Inc. on an exclusive deal to begin selling the new Razr devices in the U.S. as soon as February, the people said. The device is still being tested, and the timing of its release isn’t yet final and could change.

The Motorola Razr phone is making a comeback. The once-popular flip phone is being revived as a smartphone with a foldable screen and a starting price of roughly $1,500, according to people familiar with the matter.

The Motorola Razr phone is making a comeback. The once-popular flip phone is being revived as a smartphone with a foldable screen and a starting price of roughly $1,500, according to people familiar with the matter.

The phone’s maker, Lenovo Group Inc., is partnering with Verizon Communications Inc. on an exclusive deal to begin selling the new Razr devices in the U.S. as soon as February, the people said. The device is still being tested, and the timing of its release isn’t yet final and could change.

Lenovo, a Chinese computer maker that bought the Motorola Mobility handset business from Google in 2014, plans to manufacture about 200,000 of the new high-end phones, the people said.