Are Phone Companies Dying Out? [Headlines]
Telecom lost $13.9 Billion to chat apps In 2011.
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