Originally published: November 1, 2013
Last updated: November 1, 2013 - 6:35pm
The distinction between your Internet provider and your cellphone service seems obvious. One helps you connect to YouTube. The other helps connect your calls. But not long from now, your wireless carrier will probably be making much of its money in the same way that your Internet service provider (ISP) does -- by selling you Internet. With the rise of smartphone messaging apps, people are using SMS less frequently than before -- and that's digging into the profits of wireless companies. The good news for carriers is that data-related income is rising. It may not be enough right now, but it's growing. If these trends continue, Internet access may soon become wireless companies' most lucrative service.
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