Investment company Waterland Private Equity inked a deal with the owners of Lebara Group to acquire the multi-market MVNO for an undisclosed sum, as the buyer cited the opportunity for the mobile player’s further expansion.
The deal is subject to regulatory approval and is the result of discussions between Waterland and the MVNO group’s owner Alchemy and Triton Partners, which kicked-off in January.
Late in 2023, Lebara CEO Stephen Shurrock indicated to Financial Times a potential sale could be on the cards, with media reports subsequently placing several parties in the frame alongside Waterland.
Announcing the agreement, Waterland highlighted the MVNO’s “strategic positioning as a value-focused challenger brand” in the SIM-only segment of its markets, backing “significant growth opportunities as consumers across Europe increasingly seek high-quality services at competitive prices”.
The MVNO group claims to have more than 4 million customers in its footprint, which covers the UK, France, the Netherlands, Germany and Denmark.
It also has brand licensing agreements in Spain, Switzerland, Saudi Arabia and Australia.
Shurrock noted Waterland had “extensive experience” and a “successful track record in the telecommunications industry”, with the relationship set to “provide us with the resources and strategic support needed to accelerate our growth and enhance our service offerings, ultimately benefiting our customers across all our markets”.
Alchemy and Triton Partners have been the owners of Lebara since 2019.
The post MVNO group Lebara to change hands appeared first on Mobile World Live.
Commercials Cooperation Advertisements:
(1) IT Teacher IT Freelance
立刻註冊及報名電腦補習課程吧!
电子计算机 -教育 -IT 電腦班” ( IT電腦補習 ) 提供一個方便的电子计算机 教育平台, 為大家配對信息技术, 電腦 老師, IT freelance 和 programming expert. 讓大家方便地就能找到合適的電腦補習, 電腦班, 家教, 私人老師.
We are a education and information platform which you can find a IT private tutorial teacher or freelance.
Also we provide different information about information technology, Computer, programming, mobile, Android, apple, game, movie, anime, animation…
(2) ITSec
www.ITSeceu.uk
Secure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.
ITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.
Contact us right away.
Email (Prefer using email to contact us):
SalesExecutive@ITSec.vip