Lebara Mobile looks for buyer

Friday 8 July 2011 | 12:04 CET | News
The European ethnic MVNO Lebara Mobile is up for sale. The company confirmed in a statement that it hired RBS to "explore future strategic opportunities". Started in the Netherlands in 2004, Lebara Mobile now operates in seven European markets and Australia, targeting local immigrant and ethnic communities with low-price international calls. It recently added postpaid plans and launched a music portal in the UK. The company reported revenues for 2010 of EUR 564.6 million, up over 50 percent from a year earlier. Pretax profit improved to EUR 21.1 million from EUR 8.8 million, and the number of

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Categories: Mobile & Wireless
Companies: Lebara
Countries: Europe
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