Lebara considering float or sale

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MVNO has appointed the Royal Bank of Scotland to explore new strategic opportunities as it looks for new ways to expand and build on growth

Lebara has appointed the Royal Bank of Scotland to explore new strategic opportunities, as it looks to expand on the back of strong financial results over the last two years.

It posted revenue increases of over 50 per cent to €564.636 million (£500 million) across its European and Australian markets for the year ending December 2010.

It says it is looking at a number of possible opportunities moving forward including a public float or even a sale.

A spokesperson for the company said: “We can confirm that Lebara has appointed Royal Bank of Scotland to explore future strategic opportunities for the company, which reflect our continuing success as one of Europe’s leading telecoms operators for migrant communities.

“This follows Lebara’s unparalleled financial performance over the past two fiscal years, in which we achieved fourfold growth, and recognition of our industry-leading customer service.”

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