Telecommunications literally mean the art of conveying information from a distance. Today’s definition of telecommunications is comprised around exchange of information over significant distances by electronic means. In the 1990’s Telecommunications were disrupted by Mobile Innovation; mobile phones and SMS made telecom operators incredibly profitable. Today we are the witnesses of Digital Innovation with the widespread adoption of Internet based services like Whatsapp, Skype, and similar. Due to this disruption, it is estimated, that telecom companies will lose more than $50 billion in SMS revenues alone by the end of 2016.
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