OnMobile Global the Mobile VAS Products Company recently embroiled into a series of Corporate Governance issues is looking forward to address investor concerns and shift focus to core business. The management in a meeting told that, greater than 50% sales come from caller ring back tunes (CRBT) but ample scope for growth remains given still low penetration. The Telefonica deal – hopes for favorable renewal terms but it remains lucrative nonetheless. Emerging market segment contributed 44% of revenues.
Adverse regulations have hurt domestic segment which is down 30% from its peak. The domestic woes are likely to persist for couple of quarters though actual service Continue reading OnMobile Relying on Global Telcos for Turnaround