Nokia has announced their Nokia Xpress for Lumia app in beta for Windows Phone devices.

Nokia Xpress for Lumia is powered by technologies similar to Opera Turbo and Amazon Silk.

It compresses web data before it is sent to your phone. The end result is you get faster speeds while browsing the internet. You save money as less data is downloaded on cellular networks.

The app has some other useful features as well:

Magazine - Nokia’s unique Magazine feature automatically asks you if you want to add sites with feeds to your collection as you visit them. It then presents the feeds to you in an appealing, easy-to-use magazine layout. Turn the pages with a swipe to quickly and easily read what most interests you.
QuickLinks – automatically adds tiles for your frequently visited sites on the QuickLinks screen and orders them based on frequency of visit. This effortless way to organize frequent destinations means you’re only a click away from the content that you care about most.