Mobile operators in many developed markets are finding that their revenues from traditional communications services are coming under sustained pressure from the onslaught of “free” alternatives from over-the-top IP-based messaging and voice providers (OTTs). KPN Mobile, Vodafone, Deutsche Telekom and, most recently, China Mobile have all indicated that their voice and messaging revenues are either already in decline or potentially at risk from their subscribers’ adoption of OTT services.
The former CEO of telecoms firm Comverse – declared a fugitive by the FBI earlier this year – has according to reports, been caught in Namibia. The Wall Street Journal is reporting that Kobi Alexander is being held by Namibian officials pending extradition to the US. Alexander and another Comverse executive were charged earlier this [...]
Three former executives of mobile messaging company Comverse were charged with fraudulently acquiring million of dollars Wednesday through a long running stock options scam. Former chief executive officer Jacob “Kobi” Alexander, former chief financial officer David Kreinberg, and former general counsel William Sorin were charged by the The US Department of Justice for allegedly orchestrating [...]