Wireless technology has come a long way in recent years. We now have the ability to connect to the internet, make phone calls, and even stream video without being tethered to a physical connection. That has made our lives more convenient in many ways, but it has also introduced some new challenges, which we will be discussing further on in this blog post.
MVNO is an abbreviation of “mobile virtual network operator.” basically, it is a wireless services provider that doesn’t own the wireless network infrastructure over which it provides services to its customers. It uses one or more major networks to provide the cell phone service.
Most MVNOs offer prepaid and postpaid phone plans making billing easy for consumers.
MVNE, or Mobile Virtual Network Enablers is a business entity that provides network infrastructure and business services to MVNOs, or Mobile Virtual Network Operators. This unburdens the MVNO from most business and support functions, while allowing them to offer services to customers with their own brands.
Everyone is waiting for true 5G launch with bated breaths. It is supposed to reshape the way Internet is accessed and used. As telecom operators face the frenzy of excessive competition, monetization of 5G has become all the more important. It is vital that 5G is packaged in a way that is attractive to the subscribers, and at the same time brings in the much-needed revenue. Real time charging implemented via a convergent charging system has become the minimum requirement for telecom operators.
The sheer importance of a business’s billing solutions cannot be overstated enough. Aside from the obvious factor of producing revenue, billing systems go far beyond the actual practice of billing to receive the money that will keep a business afloat.
Becoming a virtual mobile network operator (MVNO) in the U.S. telecom and communications sector is a feat that not everyone can achieve successfully. Whether you are a big tech conglomerate or a famous entertainment giant, your current level of success might not be relevant in the competitive MVNO segment.
Timing is everything in business. A business launched at the right time can be the difference between success and failure of the venture. When it comes to the telecom industry, we are seeing a rapid growth of companies with non-telecom background starting their own MVNOs. Financial institutions like banks are the torchbearers of this MVNO revolution. But for many, this revolution has come way too late.
It’s expected that by the year 2020, the worldwide MVNO market’s going to be worth $73 billion, and the subscriber number will exceed 300 million, with its CAGR at 10%. One of the things that gives the MVNOs an edge over the MNOs is things like:
If you have an MVNO , you might want to know what you can do to so that your MVNO is higher in the list of MVNOs and that you can compete profitably. One of the best ways that you can do this is through partnering with a BSS/OSS. Below are some things that you want to look for in an BSS/OSS.