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Long-distance bills are for suckers. Or at least that's what a growing number of network operators want you to think. On the heels of Research In Motion's (NASDAQ: BBRY ) move to add free Wi-Fi calls to the latest iteration of BlackBerry Messenger, Facebook (NASDAQ: FB ) has added a similar feature to its own Messenger app for iOS.
Like Apple's FaceTime, both caller and the recipient must be using Messenger. But that also isn't much of a restriction: We've been using self-contained networks for cheap cross-continent connectivity ever since Skype came to the fore 10 years ago.
Two things have changed in the years since. First, Wi-Fi is more prevalent today. Second, telecom carriers have become more dependent on data than in years past. If software and cheap wireless access are making it easier to offload jobs that would otherwise go to cellular data networks, AT&T, Verizon, and their peers could take a hit.
How much of a hit? Tim Beyers of Motley Fool Rule Breakers and Motley Fool Supernova answers this question and more in the following video. Please watch and then leave a comment to let us know what you think.
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Facebook broke the hearts of many in the months following its busted IPO. Yet there's no disputing the enormous influence of the company's 1 billion-strong social network. How will the company make good on the data it hosts while still preserving the privacy of its users? We address all the risks and opportunities facing Facebook in a new premium research report. Inside we tell you whether the stock deserves a place in your portfolio. Just click here to get your copy now.