TM Forum, MEF to address $5b revenue losses

TM Forum and the Mobile Entertainment Forum (MEF) have established a team that will develop a set of sales reporting metrics to help address the issue of forgone revenues due to incorrect reporting.

According to the industry bodies, the mobile content industry loses $5 billion in potential income each year due to incorrect revenue reporting.

The team will develop a best-practice template that can be adopted within the industry.

Over the long term, the organizations intend to address bigger-picture issues, such as the cost of rolling out content and media services across mobile networks.