The Lyca Group, a British virtual mobile operator present in 23 countries, including several in Africa, has announced a strategic restructuring aimed at optimizing its operations and strengthening its presence in the global market.
This reorganization aims to:
- Streamlining Certain Activities: Lyca plans to reduce or refocus specific segments of its business to improve operational efficiency.
- Enhancing digital capabilities: The company intends to invest in cutting-edge technologies to offer affordable and high-quality telecom solutions to its customers.
- Prepare for long-term growth: Lyca wishes to position itself favorably to seize new opportunities in strategic markets, particularly in Africa.
Already present in Uganda with Lyca MNO, the company plans to extend its services to other African countries. Announcements regarding these expansions are expected as early as the first quarter of 2025.
Premananthan Sivasamy, Vice Chairman of Lyca Group, said: “Lyca’s strategic reorganization is a bold step forward, ensuring that we remain a leader in providing affordable, high-quality telecom solutions to our customers around the world. . This paradigm shift not only improves our efficiency, but also strengthens our ability to adapt to a rapidly changing industry, to the ultimate benefit of our customers, partners and employees globally. »
Faced with increased competition and rising costs in the telecommunications sector, Lyca undertook a thorough assessment of its operations to identify opportunities for growth and efficiency. This approach aims to ensure the sustainability and competitiveness of the company on the international market.
With this restructuring, Lyca is preparing to strengthen its position in the global telecommunications market, with a focus on innovation, operational efficiency and strategic expansion, particularly on the African continent where the growth potential is significant .
