Lycamobile
Mobile virtual network operator / From Wikipedia, the free encyclopedia
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Lyca Mobile is a British mobile virtual network operator (MVNO) operating in 23 countries. The chairman is Subaskaran Allirajah and the CEO is Richard Schafer. The company sells international pay-as-you-go SIMs. As an MVNO, Lyca Mobile leases radio frequencies from mobile phone network operators and forms partnerships with the operators in each country it serves. Lyca Mobile has also developed distinct business structures such as MVNA aggregator arrangements in various countries.
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Company type | Private |
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Industry | Telecommunications |
Founded | September 2006 |
Founder | Subaskaran Allirajah |
Headquarters |
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Key people | Subaskaran Allirajah (Chairman) Premananthan Sivasamy (Deputy chairman) Chris Tooley (former CEO) Richard Shafer (CEO) Richard Hastings (Chief Legal Officer) |
Products | Mobile telecommunications services |
Revenue | €1.8 billion (2015) |
Subsidiaries | Lyca Productions EAP Films |
Website | lycamobile |
The Lyca Mobile brand was launched in 2005, with the first trading using the brand taking place in 2006.[citation needed] By 2016, the company had more than 15 million customers.[1]
In 2016, nearly twenty Lyca Mobile employees were arrested in France, with about half of them charged with money laundering.[2][3] As of 2020, Lyca Mobile is involved in three major tax disputes with HM Revenue and Customs in the UK.[4] The previous CEO, Chris Tooley, was given a suspended prison sentence in 2023 for his involvement in an "elaborate money laundering system" in France.