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Allirajah Subaskaran, founder and majority owner of Lyca Group, has stepped down as a director following months of escalating financial, legal and governance challenges that culminated in board-level changes.
Lyca Group’s London operation will be cut to a skeleton staff of 48 to handle regulatory and compliance issues as part of a reorganisation to streamline its business operations, slash costs and improve global growth. Lyca’s is consulting with around 300 staff about the job cuts. The UK workforce will be reduced to a core
Lyca Group chief financial officer Richard Schäfer has been promoted to chief executive officer He joined Lyca two years ago from rival MVNO Lebara where he was group financial officer. Schäfer (main pic) has worked in UK and international telecoms for more than 22 years and has held positions at Three UK, Vodafone UK, Onecom,
Lyca Mobile, which claims to be the world’s largest MVNO, has launched an eSIM service in the UK.
Apple users will benefit from these 5G plans next year, the MVNO confirmed
The MVNO is also looking to revamp its brand identity in the UK
Navanit Narayan, new Lyca Group CEO, talked to Mobile News on how the firm is growing and changing
But mobile is still a big priority as its MVNO business looks to grow in Africa
Former Nokia and Vodafone-man Narayan is promoted to the role of CEO
Phil Turner will join the company with over 30 years worth of experience