Through mBit, users can share photos, videos, music and text from their mobile phones. The service is compatible with only 3G handsets.
Raghavendra Aggarwala, chief executive officer, mBit Infotech, told Telecom Yatra, "mBit is like a hybrid between Limewire and YouTube. Users can share photos, videos, music and text, and they can also download the content onto their mobile phones."
mBit is being rolled out in the beta version initially and it is expected to be launched commercially in January. The subscription based application will be free of cost for the first six months and users will later be charged at Rs 3 per day with applicable data rates.
Aggarwala also said, "We are under negotiations with many operators. We are also planning to subsidise the data charges. Currently we are targeting about a million users and an investment of $ 1 million (about Rs 5 crore) for mBit."
Last month, the company had rolled out a mobile social networking platform called JuzFriends, which is based on platforms such as SMS, WAP and the web.
Established in 2007, mBit is a joint venture between Malaysia-based mTouche Technology Ltd and Vassoft.net, a brand owned by Himenviro of Singapore.
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