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Thursday, July 7, 2011

Lebara MVNO could be sold

The Lebara virtual network could be sold or floated on the stock exchange, according to press reports. It has appointed the Royal Bank of Scotland to “explore future strategic opportunities”.

Lebara saw revenue increase by over 50% to £500 million in 2010, with profits increasing to £18.7 million. As well as operating its MVNO in the UK, the company also has a presence in Australia, Denmark, France, Germany, Spain and Switzerland.

[Source: Mobile News]

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Author: The Fonecast
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