Customer base up 140 per cent from 5,800 to 14,093 in final six months of last year
Cause-based MVNO The People’s Operator (TPO) saw its subscriber base almost treble during the second half of 2014, it has revealed.
TPO runs on EE and donates 25 per cent of all of its profits and 10 per cent of all customer spend to charity. The MVNO raised £20 million after it was floated on the London Stock Exchange on December 4.
As part of an end-of-year trading announcement, TPO revealed that customer numbers had grown from 5,800 on June 31 to 14,093 on December 31, an increase of 140 per cent in six months.
Contract customer numbers grew 40 per cent in the final three months of the year and had increased 121 per cent since June 30, according to the MVNO which launched in 2012.
The People’s Operator CEO Mark Epstein said: “We are pleased to have achieved strong growth in our subscriber numbers and to have finished the year substantially ahead of our targets. This performance gives us confidence for 2015, as we launch our new online, cause based community platform and expand into the US.”
In January, Wikipedia founder Jimmy Wales joined The People’s Operator to become its new executive director of strategy and digital community.
Speaking exclusively to Mobile News in December, Wales revealed that TPO had reached an agreement with US Operator Sprint to use its network to roll out an MVNO in the US.
The Wikipedia founder also revealed that TPO was eyeing up opportunities in the B2B market by targeting SMEs.