Nearly any parent who unwittingly handed a cellphone to a teenager has a story about receiving that first bill and seeing a whopping charge for SMS services.
Texting, which has been a big source of revenue for wireless companies, is undergoing a change.
Several free messaging apps use a Wi-Fi connection, thereby skipping the wireless company's network. That could equate to a big loss of bucks for wireless companies.
The International Herald Tribune says one research firm sees wireless companies losing out on $54 billion by 2016.
Read the entire story on the International Herald Tribune.