3G penetration will help expand VAS market in India
Though VAS in India is only 10% of total operator's revenue as compared to 30% in Europe and Japan, it is likely to go up with the penetration of 3G services in India.
Mauri Runtime Environment (MRE) is the latest offering from Taiwanese fables semiconductor company MediaTek, which is a full-fledged application development platform.
After picking up 20% in Spice Digital*, chipset manufacturer MediaTekit has made an undisclosed investment in mobile VAS startup MoMagic. The LinkedIn profile of MoMagic CEO Arun Gupta states that "MoMagic is a MediaTek Inc invested company."
New Delhi, 18th Dec 2017: Indian mobile handset sector is at a rapid growth trajectory and recently, the government of India indicates that around 100 companies in the field of mobile phones have started making their products in India as the nation gears up to become a major hub for manufacturing.