So, there is a 3rd way - instead of losing customers to OTTs, or build your own (and sometimes fail, such as the case of Telefonica and Tu Me - here), MNOs can outsource such services (e.g. "Bouygues Telecom Deploys GENBAND's fring OTT Service" - here).

.. White-labeling is a viable option. To respond to this growing threat, MNOs have several choices. One option is to introduce an OTT app under their own brand by white-labeling a solution from a growing number of vendors. This is a valid approach that allows MNOs to deploy their own apps quickly and at relatively low upfront cost".
See "Can White-Labeling Solve Telcos' OTT Challenges?" - here.
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