Multi-line/multi-state virtualized OAM transponder

Novel tools and techniques might provide for implementing applications management, based at least in part on operations, administration, and management ("OAM") information. A host computing system might comprise a dedicated OAM management agent. While normal application frame flow might be sent or received by VMs running on the host computing system, OAM frame flow might be sent or received by the OAM management agent, which might also serve as an OAM frame generator. Alternatively, or additionally, based on a determination that at least one OAM frame has changed (in response to a change in address of far-end and/or near-end OAM server functions), the OAM management agent might update a list associating the at least one OAM frame that has changed with corresponding at least one VM of the one or more VMs, without restarting any of the at least one VM, the OAM management agent, and/or the host computing system.