By Mariam AbdullahiDespite on-going economic challenges and some tricky regulatory issues, Africa is fast approaching the 1bn mobile subscriptions landmark. OTT services putting pressure on telcos’ traditional revenue streamsGlobally, more than 1.8bn people use OTT mobile services, which is why Ovum predicts a $293.4bn loss in the telco industry due to OTT VoIP services. Telcos have already begun to incorporate OTT services as part of value-add packages to consumers. Consumer demand for online videos forcing data costs downAccording to recent stats, 62% of mobile users consume online video content. An Ovum report estimates that mobile data in Africa will grow from $6.40bn in 2015 to more than $27bn in 2021.

Source: News Business Ethiopia March 15, 2017 06:11 UTC