wordpress blog stats
Connect with us

Hi, what are you looking for?

OnMobile will launch new products in March-June 2016: CEO Rajiv Pancholy

OnMobile Global

OnMobile Global, a provider of mobile services and ring back tones (RBT), returned to profitability for the quarter ended September 30,2015 and reported a net profit of Rs 1.26 crore. The company reported a net loss of Rs 0.16 crore in the preceding quarter and Rs 1.21 crore in the same quarter last year. Here are some takeaways from OnMobile’s conference call with analysts:

1) OnMobile has 70 million paid customers

The company now has 70 million paying subscribers on its platform. Chief executive officer Rajiv Pancholy said the number of paid subscribers exceeded the company’s internal targets for the year, adding that the company is looking at both new and existing clients to increase the growth of subscribers. 

2) New products launch

Pancholy also revealed that the new products and offerings from Onmobile will be rolled out between March and June 2016. “Other details on this will be communicated, as we get closer to these timeframes. ” he added. Readers will remember that Onmobile had spent 2% of its revenues on developing its new products strategy and brands in the quarter ended June 30, 2015. The company continued to spend 2% of the revenue in the September quarter too.

Advertisement. Scroll to continue reading.

3) New products will be launched in selected geographies 

Pancholy said that the new products will be launched only in selected geographies.”It would be in multiple geographies, but it will not be across all geographies, so very selected introductions. I think it’s safe to say that India would be one of the geographies,” he added.

4) Glimpse of new product in Spain

OnMobile had launched a smartphone application in Spain in June this year. The app allows users to buy a subscription for ring back tones rather than buying individual tracks and allows them choose any number of tracks from a large selection of music.

Onmobile said that the app in Spain is called Yaoi (we’re pretty sure it doesn’t refer to the manga and anime genre) and could be a stepping stone for the new products OnMobile will launch later.  “One of the things we are trying to make sure is that the user reaction in Spain would be the same in India and other markets we are, so it’s very important to do the proper market analysis to give us that confidence that when we launch,” OnMobile chairman Francois-Charles Sirois, said in the call.

Download: Transcript 

Advertisement. Scroll to continue reading.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ