xiaomi-redmi2-lteWhen it comes to spending money, we would more often than not want to look into obtaining the best bang for our hard earned buck. After all, times are hard these days, and it is always good to be prudent so that we are able to stretch our finances further than ever before. Those who are on the lookout for an LTE-enabled handset might have many choices to choose from, but which is the cheapest in the market? Xiaomi might have a proposal for you – with their yet unnamed device which has just passed through the certification process at TENAA, which is China’s equivalent of the FCC here in the US.

It does seem to resemble a variant of the new Xiaomi Redmi 2 (which was what we reported on earlier this year), although that model would cost CNY 700, this new one that is fresh off the certification process will cost a mere CNY 400 – when converted, it would amount to an extremely affordable $65, now how about that?

Perhaps the low entry cost has something to do with Xiaomi agreeing to a deal with local chipset manufacturer Leadcore Technologies, allowing Xiaomi access to LTE on the cheap. Other hardware specifications include a 4.7″ 720p display, Android 4.4.4 KitKat as the operating system of choice, 1GB RAM, a quad-core 1.6GHz processor, an 8MP Full HD camera at the back, and 8GB of internal memory. TD-LTE and FDD-LTE connectivity are part of the mix, and it remains to be seen as to when this particular device will be released.

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