Lebara Group considering possible sale or IPO

European mobile telecoms group Lebara Group is exploring a possible sale or IPO after seeing strong customer growth during the cost-of-living crisis, reports the Financial Times.

London-based Lebara initially focused on providing migrants in Europe with cheap international calls, but has since shift its focus to target younger customers and those looking for cheaper deals. It has added over 1.6 million customers since 2020 to reach 4 million, and expects to generate EBITDA of GBP 70 million in 2024. This is more than double the level of EBITDA recorded in 2020. 

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Lebara Group CEO Stephen Shurrock told the FT that is was working with investment bank Guggenheim to evaluate strategic options. He said a sale could attract interest from a corporate or private equity group, adding that discussions were still at an early stage, with no final decision made yet. Lebara is currently controlled by investment groups Triton and Alchemy (majority owner) and offers SIM-only plans in the UK, Germany, France, Denmark and the Netherlands.

Source: telecompaper

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