People walk past the main entrance of the Mobile World Congress in Barcelona, Spain February 24, 2017. REUTERS/Albert Gea
FRANKFURT/LONDON: Seeking to escape a cycle of falling prices and tight regulation, big telecom operators from Vimpelcom to Telefonica are set to reinvent themselves as Internet players to escape the industry's straight-jacket of low growth.
Next week's Mobile World Congress in Barcelona will feature phone companies in various stages of acceptance that the industry's predictable, decades-old business model based on selling data packages by the millions is running out of steam.
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