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Are Phone Companies Dying Out? [Headlines]

Innovation

Telecom lost $13.9 Billion to chat apps In 2011.

Dory Carr-Harris, PSFK

Phone companies missed out on $13.9 billion last year as more people opted to send free texts through SMS (short message service) applications like Blackberry Messenger and Facebook Mobile Messenger, according to a report. This follows a $8.6 billion loss in phone-company provided text revenues in 2010. Mashable

Innovation
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