Low-cost mobile devices manufacturer Datawind is set to launch an Rs 2,000 smartphone bundled with free internet for life before Diwali (October 23), reports Press Trust of India. However, the company is still in talks with mobile operators regarding the free internet for life offer, so this announcement is preemptive to say the least. Datawind is still best known as the maker of the Aakash tablets and the delays and disputes that plagued the project. (Aakash project timeline)
It’s worth noting that earlier this year Datawind had tied-up (pdf) with mobile devices retail store UniverCell and BSNL to offer its UbiSlate 7Cz and UbiSlate 3G7 tablets with 12 months of unlimited free internet. Users had to use the UbiSurfer browser to avail the unlimited free internet offer. In case a different browser was used the data usage limit was 250MB per month.
The smartphone is expected to be Android-based and sport a 3.5 inch display. No other details regarding the phone are available at the moment. The Canadian company, which currently has 3 smartphones and 5 tablets in its portfolio, claims that it sells 40,000-50,000 devices per month.
Datawind IPO: Datawind raised C$30 million or around $27.86 million from its initial public offering (IPO) on the Toronto Stock Exchange in July 2014. The company had issued 6.32 million common shares (6,316,000 common shares) at a price of C$4.75 per share. It wasn’t an assured debut, as the Datawind share price closed at C$4.38 on the day of debut, down 7.8% from the issue price. Datawind’s share price closed at C$2.77 on September 23. At the time, the company had said it would use the proceeds to increase manufacturing volume, expand to new geographical locations, and introduce broader retail sales channels among others.