Lebara reports record revenues


Ethnic MVNO Lebara has reported record financial results, with annual revenues for 2009 totaling €371 million (£333 million).

Lebara’s revenues increased by 105 per cent year-on-year and is the strongest financial results it has reported in its nine-years since launch.

It has also recruited over 400 new jobs for the Group for 2010 across all markets where it will operate this year including Australia, Denmark, the Netherlands, Spain, Switzerland and the UK.

Lebara Group chief executive Yoganathan Ratheesan (pictured) said: “Our strong revenue growth is driven by the exceptional adoption of our award-winning offering which when added to our targeted distribution strategy and unique customer support, makes us a formidable and compelling force in the market.

“I am delighted with the team’s impressive achievements last year and we have exciting plans for further significant growth as we go into 2010. We are also proud to be one of the few companies hiring in our sector and we very much look forward to welcoming and working with our latest team members.”