Freedom 251

A company in India has launched what is believed to be the world's cheapest smartphone; introducing the Freedom 251, which costs just £2.56.

The manufacturer, Ringing Bells, had previously said the handset would cost around 500 rupees (£5; $7.3), but when it officially launched the smartphone on Wednesday, the price was set at 251 rupees - that's just £2.56.

If you're wondering what £2.56 worth of smartphone would look like, and I don't blame you, the Freedom 251 has a 4" screen, 8GB storage and front and rear-facing cameras. It runs on the Android Lollipop 5.1 operating system, with a 1.3 GHz quadcore processor.

India is the world's second-largest mobile market, with more than one billion customers already having a subscription. It is dominated by budget handsets manufactured in China, but even the cheapest models cost around £15-20.

Ringing Bells was set up just a few months ago and has already launched one of India's cheapest 4G phones, which costs around £30.

The Times of India reported that the Ringing Bells website crashed following huge response to the Freedom 251.