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OnMobile Call: International Shift; India Slowdown; TRAI Guidelines

Much of OnMobile Global's earnings conference call focused on potential of its international business, given the context of a weakening Indian market, and the double whammy delivered by TRAI's SMS Spam and subscription confirmation regulations. However, there was almost no information on the product front, and when we spoke with OnMobile CEO Arvind Rao afterwards, he was non-committal on the launch of any data related products, focused on the smartphone market. International Business - Contributed 42% of the top line revenue in Q2-FY11 and 47% in month of September. The company expects that within this fiscal year, international revenues will contribute more than 50% of its top line. "Overseas business has slightly different characteristics from the Indian business in terms of margins, in terms of the commercial terms, in terms of the longevity of the contracts and in terms of the operators that we deal with at a global level." - Telefonica & Latin America: Launched in another country, and OnMobile now has 94% of its addressable subscriber reach. Latin America turned cashflow positive within the first year of a five-year contract. "You need to incur a lot of expenses before you launch operations in one country but once you go live we have seen that typically 12 months from the date of deployment that business is EBITDA positive." Onmobile feels that it is in a position to grow reveneus from Latin America today at "at least 20 to 25% quarter-on-quarter." - Paid upfront for project: An interesting aside -…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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