In an interview to CNBC-TV18, Mouli Raman, Managing Director & Co-Founder of OnMobile Global spoke about their acquisition of Livewire and future prospects.
De-growth was again impacted by telecom biz in India. Onmobile Global revenue was under pressure, it was down 2 per cent. However, its margins were higher due to forex.
Post a crucial board meeting today, mobile VAS services provider Onmobile's CEO and co founder Arvind Rao stepped down paving the way for a new CEO. This comes after reports of financial irregularities at the company which first emerged in March of this year, with allegations that Arvind Rao was involved as well.