The money was reportedly transferred to 14 accounts through 28 transactions across the country
eSIM modules are soldered onto the circuit board, thereby rendering a dedicated SIM card tray obsolete.
Issuing another SIM after the a certain time lapse would give the companies enough room to verify if subscriber had applied for more than one SIM
He is positive on the local market. He said it is currently a part of a 'globally optimistic rally'.
The handsets will be rolled out in India around the same time at a price less than Rs 2,000.
Forget the bulky paperwork, you can now apply, validate and activate new pre-paid and post-paid mobile connections using your Aadhaar card and fingerprint at the point of sale.
"We are looking at international roaming business. In India, this market is estimated to be around Rs 18,000 crore. We are looking to capture five percent of it i.e Rs 900 crore in two years and ten percent in three years," Manana Innovations Founder and Director Chandan Ghosh told PTI.
The new GSMA report forecast that the number of unique mobile subscribers will increase from 3.6 billion at the end of 2014 to 4.6 billion by 2020, increasing by four percent per year over this period.
There are total 77.39 crore functional SIMs with validity but only 64.34 SIMs are being used by 55.48 crore mobile devices owners, the study report said.
Mercury mTab Neo powered with a 1 GHz Dual core processor and Android OS has a 7 inch capacitive multi-touch screen with HD resolution.
Telecom consumers will now be able to send up to 200 SMSes per day from a SIM, as against the earlier limit of just 100 SMSes per day imposed by the Telecom Regulatory Authority of India (Trai).
Telecom operators' lobby COAI has asked Trai to reconsider its recommendation to limit 100 SMSes per day per SIM, saying the such a regulation may pose a potential challenge to the "fundamental rights" of an ordinary subscriber.
Although speculative all this while, some substantiating evidence indicating that next iPhone would be a world phone has now surfaced.