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OnMobile Q2-FY14 Concall: Content Fees, TRAI Directives, LiveWire, International Biz

OnMobile faced a tough quarter, with the India revenues declining 31%, even as the International business continued to grow. We've covered their results here. Notes from the conference call: Content royalty fee has gone up significantly in this quarter: "We had a different sales mix in the current quarter, and one time reversals in the last quarter, consequent to our closure of certain agreements and reconciliations with our major content providers. The content reversal is consistent with the previous quarter. The one-off cost was Rs 5 crore. Our expectation today is whatever is the trend for Q2 should be the same for the rest of the financial year." International business: - OnMobile has seen robust growth outside India, in Latin America and Europe. Revenues grew 9.9%, of which International grew 24.8% QoQ. International constitutes 76% of overall revenues. - In LatAm, we've seen 8.3% QoQ, riding on RBT in Telefonica. - Africa has grown 14.3% QoQ, due to growth in RBT and music, and number two is Football services, which is seeing good traction. OnMobile is going live with MTN in four countries, the names of which they cannot disclose at this point in time. - Onmobile has gone live in "with an operator in Qatar. It's a small country, but one of the highest ARPU markets in the world." -Europe: Substantial growth in Europe at 81% QoQ in Europe, but this is largely due to one time backlog in billing/payments. "If you take out the one time backlog which has…

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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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