Scalper1 News
Wireless phone companies in emerging markets face a bigger threat from WhatsApp and other such over-the-top, or OTT, services than do U.S. carriers such as AT&T (T), Verizon Wireless (VZ) and Sprint (S), says Nomura Securities in a research report. Facebook last month said it would acquire WhatsApp for up to $19 billion. WhatsApp and other messaging apps let users send text messages using Internet protocol technology, or what’s called OTT because Scalper1 News
Scalper1 News