April 23, 2008, Madrid: IE Telecom Club organized its speaker series with an eminent speaker Mr. Agustin Nunez, Director for Innovation Services and New Devices, Telefónica, España. The topic for the event was “Predicting the Future of Mobile Business”. The event was attended by Ricardo Perez, Program Director of Master of Management Telecom & Digital Business and management students.
Although Telefonica is expected to touch the customer base of 300 million worldwide by 2010, its revenue may not increase proportionally. There is a new threat poised to its traditional revenue source namely voice calls revenue. The threat is poised in the form of free calls over internet using VoIP (Skype). Mr. Nunez talked about the new revenue sources for the telecom service providers.
The future revenue source is mainly based on the Data Traffic from the mobile devices. To encash that Telefonica has started open mobile forum http://www.open.movilforum.com/en/ . This initiative aims at capturing the talent and innovation of the independent API developers to create wonderful applications on SMS, MMS, and GSM etc., which can be used by the Telefonica Mobile phone customers for free by downloading those applications from the website.