The use of data network-based text messaging allows users to avoid text messaging fees, and it is costing telcos a lot of money:
Alan Clendenning via AP
The London-based Ovum research firm estimates telecommunications companies lost nearly $14 billion last year in text-messaging revenue as consumers migrated to applications allowing them to send messages over cell phone data networks.
Ovum said the companies still took in an estimated $153 billion, but that was down 9 percent from a year earlier.
And where’s the bottom?