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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. SMS revenues are down as people communicate through chat boards and within other applications like Words with Friends. Mobile communication is also surging on Facebook, Twitter and smartphone email clients. The Ovum report estimates that there will be further losses in...
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Published By: Mashable - Wednesday, 22 February
