Lycamobile celebrates 2nd place in the Tech Track 100

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Tech Track 100 which ranks Britain's 100 fastest growing private companies puts Lycamobile in second place.

Appearing in the Tech Track 100 for the first time is yet another enormous step for our team at Lycamobile.

Lycamobile, the largest global provider of low cost international mobile calls, is celebrating its first appearance in the Tech Track 100, published in The Sunday Times, with sponsors including Hiscox and Barclays.

The league table – now in its twelfth year – is compiled by Fast Track and ranks Britain's private technology companies with the fastest-growing sales over the latest three years, from 2008 to 2011, or 2009 to 2012. Growth ranged from 38% pa to 284% pa, with sales typically between £5m and £50m.

In its first appearance, Lycamobile is ranked second out of a total of 100 companies with latest sales of £116.8 million and an annual sales growth of 247.25 per cent. The report highlights that Lycamobile is a “standalone company… founded and led by the serial telecoms entrepreneur Subaskaran Allirajah. Lycamobile UK’s growth… is driven by rising demand and customer loyalty”.

Subaskaran Allirajah – Group Chairman and Founder, Lycamobile comments:
“Appearing in the Tech Track 100 for the first time is yet another enormous step for our team at Lycamobile. Our success is rooted in our strong brand, compelling value proposition and the highest quality of service we bring to our customers.

To have our exponential growth recognised in such an esteemed league is both an honour for the business and another opportunity for our staff to be proud of the dedication and expertise they bring to the market.”

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About Lycamobile
Lycamobile is a prepaid mobile SIM card provider that provides low-cost, high-quality international and national calls and has acquired over 20 million customers across 15 countries (UK, Netherlands, Belgium, Switzerland, Denmark, Norway, Sweden, Italy, Spain, Australia, France, Germany, Poland Ireland and Portugal). Lycamobile is available through an extensive network of more than 750,000 retail outlets. The brand was initially introduced in 2006 and is already Europe’s largest pre-pay MVNO. Lycamobile continues to grow rapidly with further market launches planned throughout 2012.

Photo credit - JP&C Photography

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Chris Liveing

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