We have seen pay TV services transition from a traditional capex model to a SaaS model, aiming to simplify the deployment of new services, reduce costs associated with subscriber losses, and mitigate the rise in content licensing fees. In the US, some tier 2 operators like Frontier, TDS, and Windstream have already discontinued their TV services without offering replacements, directing broadband-only subscribers to vMVPDs. The vMVPD concept is unique to the US, with several players like YouTube TV, Sling TV, DirecTV Stream, and FuboTV entrusting more than 10% of the MVPD market. Is this the end of the road for pay TV? We don’t think so. Enter managed services, also known as white label services. Some small pay TV operators…