Lebara Group Announces Record Revenues of EUR371m

Jan 12, 2010, 08:55 ET from Lebara

LONDON, January 12 /PRNewswire/ --

- 400+ New Jobs Created as Mobile Company Expands

Lebara Group, the global market leader in providing high-quality low-cost international mobile services, today announced the strongest financial results in the company's nine-year history. Lebara Group's annual revenues for 2009 totalled EUR371m, an increase of more than 105% compared with the previous year. These strong financial results maintain Lebara's position as one of the world's fastest-growing mobile companies and demonstrate its outstanding performance despite the challenging business conditions in 2009.

The company, which now has more than 2.5 million active mobile customers, also announced the creation of over 400 new jobs throughout the Group for 2010. The roles, which range from positions in the company's operations teams through to sales and marketing, will be across all of the geographies in which the Lebara Group will operate in 2010, including: Australia, Denmark, the Netherlands, Spain, Switzerland and the UK.

In December 2009, Lebara was ranked as the Best Overall Enterprise at the Asian Achievers Awards in London. In its ninth year, the Asian Achievers Awards is independently judged and highlights the contribution of Asians in every area of society.

Yoganathan Ratheesan, CEO of Lebara Group, 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."

About Lebara Mobile

Lebara Mobile's vision is to be the leader in providing low-cost, high-quality international mobile services. Lebara Mobile was founded in 2001 as part of the Lebara Group. Lebara was ranked as the UK's fourth fastest-growing private company in the Sunday Times 'Fast Track 100 listing' in 2006, was voted Best Newcomer at the Mobile Industry Awards in 2008, and was recognised as delivering the Most Innovative Service at the 2009 Mobile News Awards.

    For more information please contact:
    Sam Harrisingh / Audrey Blackburn
    MS&L for Lebara Mobile
    +44(0)20-7878-3137 / 3255
    sam.harrisingh@mslworldwide.com / audrey.blackburn@mslworldwide.com