OnMobile Global hosted a conference call on its Telefonica deal. We are were on the call, and reporting from it live. Our coverage of the deal: OnMobile Ties Up With Telefonica In Latin America; To Invest $50M; Market Data OnMobile CEO Arvind Rao (on the earnings call): We've been working on this for the last 9-12 months. We initiatited the first call 10 months ago. It was initially just about RBT. Now we've signed up for just 22-23 services, rather than just RBT. It's a 5 year contract, with a renewal clause built into it. There's a wide range of responsibilities that the operator has also committed to. They're going to push services into the markets where they're well placed. Rationale for the transaction: The Return On Investment on existing producre ts sold in new markets is very high. A bulk of…
- Tesla CEO Elon Musk will buy Twitter for $44 billion after all October 6, 2022
- Jio and Airtel showcase their surveillance systems at the India Mobile Congress 2022 October 6, 2022
- Another ED Raid on China-Linked Keepsharer App for Part-Time Job ‘Scam’ October 6, 2022
- Mozilla Report Accuses Google, Apple, Microsoft of Anti-Competitive Practices, Flags Shrinking Web Browser Choices October 5, 2022
- Event Announcement: Draft Telecom Bill, 2022, Delhi, 18th Oct October 5, 2022
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