Fring is a mobile application founded in 2006 that allows users to deliver voice, text, and video over IP, boasting over 40 million users and significant monthly communication traffic. The document discusses industry trends such as the rise of OTT communication and MVNO growth, emphasizing the need for carriers to adapt to changing market dynamics by adopting private-labeled OTT solutions. Fring offers a transparent user experience while maintaining carrier control and comprehensive billing options, positioning itself as a robust platform for mobile network operators.