Mobile VAS and ring back tone (RBT) company, Onmobile Global reported a net loss of Rs 7.63 crore for the quarter ended December 31, 2015. Here we list the key takeaways from the call with analysts: On revenues: - Rajiv Pancholy, MD & CEO, “The situation in which we are operating today in many geographies is very challenging...see the utter unpredictability of what’s happening in markets of the world over. It’s nothing to do with OnMobile.. Legacy business is operating in various geographies where the economic outlook is anything but stable. Currency fluctuations are the norm and consumer behavior is very volatile… hence we are seeing more than the usual variability in performance in almost all the geographies in which OnMobile operates..” On Telisma sale: - Full divestiture of Telisma speech business unit for the purpose of getting speech recommendation technology. Pancholy, “Today as a set of customer base moves towards users’ adoption of smartphones, this technology is no longer critical to our future offerings.” - Pancholy, “It was more of a technology acquisition, and over the last few years it has helped us get into multiple geographies a bit more faster and in easy manner. We acquired this around at Rs 70 crore way back in 2007, and right now we have sold it off for a nominal amount.” Company highlights: - Renewed relationship with BSNL for 3 years with an option to renew for a further 1 year. - Selected by the Reliance Communications to offer our RBT…
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