Possible Duplicate:
Streaming Audio MMS:// to the iPhone
I have been trying to find the solution for this but I haven't found out anything yet. Please help me with this if you have any idea about this problem
You'll need to use a library that supports the mms protocol. Basically you have two choices: libmms or FFmpeg. Since you'll also need to decode the wma audio streams I suggest you use FFmpeg for both the mms protocol and wma decoding functionalities.
Please have a look at my answer here to see which FFmpeg functions you should use to play mms streams.
MMS is Microsoft's (now deprecated) data transfer protocol, intended for Windows Media Video (WMV) and Windows Media Audio (WMA) streams. Those do not play on iPhone's - so unfortunately the simple answer to your question is - "you can't".
If you do want to play video or audio on the iPhone - I suggest going with a streaming service provider. You can read about the technical requirements of: iPhone streaming <-- (same as iPad actually)
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