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Hub AI
Lyca Mobile AI simulator
(@Lyca Mobile_simulator)
Hub AI
Lyca Mobile AI simulator
(@Lyca Mobile_simulator)
Lyca Mobile
Lyca Mobile (formerly Lycamobile) is a mobile virtual network operator (MVNO) operating in 18 countries, with headquarters in the United Kingdom and Sri Lanka. It provides international pay-as-you-go SIM cards. The company is chaired by Allirajah Subaskaran, who formed the company in 2006.
As an MVNO, Lyca Mobile does not own its own mobile network but instead leases radio frequencies from established network operators. It has also established mobile virtual network aggregator (MVNA) arrangements in certain regions.
Lycamobile was launched by British-based Sri Lankan entrepreneur Allirajah Subaskaran in 2006. By 2016, the company had more than 15 million customers.
In 2016, nearly twenty Lyca Mobile employees were arrested in France, and about half of them charged with money laundering. As of 2020, Lyca Mobile is involved in three major tax disputes with HM Revenue and Customs in the UK. The previous CEO, Chris Tooley, was given a suspended prison sentence in 2023 for his involvement in an "elaborate money laundering system" in France.
The company operates in 18 countries. Lycamobile offered services in Hong Kong from April 2015, but its services were suspended from 6 April 2018.
In October 2023, Lycamobile's French companies were convicted of committing value-added tax (VAT) and money laundering fraud, subject to appeal, with a fine of €10 million.
In August 2024, HM Revenue and Customs (HMRC) filed winding-up petitions for three Lycamobile companies in the United Kingdom. A tax tribunal had ruled in favour of HMRC in July on a long running dispute over a £51 million value-added tax (VAT) claim, though this appears not to be related to the winding-up petitions. The company auditors had not been able to sign-off company accounts in June because of insufficient audit evidence being available to them.
In the United States, as of December 2024, the Better Business Bureau stated that as Lycamobile had received 147 complaints, and had failed to respond to 13 of them, Lycamobile's rating with the BBB is an F (on a scale of A+ to F).
Lyca Mobile
Lyca Mobile (formerly Lycamobile) is a mobile virtual network operator (MVNO) operating in 18 countries, with headquarters in the United Kingdom and Sri Lanka. It provides international pay-as-you-go SIM cards. The company is chaired by Allirajah Subaskaran, who formed the company in 2006.
As an MVNO, Lyca Mobile does not own its own mobile network but instead leases radio frequencies from established network operators. It has also established mobile virtual network aggregator (MVNA) arrangements in certain regions.
Lycamobile was launched by British-based Sri Lankan entrepreneur Allirajah Subaskaran in 2006. By 2016, the company had more than 15 million customers.
In 2016, nearly twenty Lyca Mobile employees were arrested in France, and about half of them charged with money laundering. As of 2020, Lyca Mobile is involved in three major tax disputes with HM Revenue and Customs in the UK. The previous CEO, Chris Tooley, was given a suspended prison sentence in 2023 for his involvement in an "elaborate money laundering system" in France.
The company operates in 18 countries. Lycamobile offered services in Hong Kong from April 2015, but its services were suspended from 6 April 2018.
In October 2023, Lycamobile's French companies were convicted of committing value-added tax (VAT) and money laundering fraud, subject to appeal, with a fine of €10 million.
In August 2024, HM Revenue and Customs (HMRC) filed winding-up petitions for three Lycamobile companies in the United Kingdom. A tax tribunal had ruled in favour of HMRC in July on a long running dispute over a £51 million value-added tax (VAT) claim, though this appears not to be related to the winding-up petitions. The company auditors had not been able to sign-off company accounts in June because of insufficient audit evidence being available to them.
In the United States, as of December 2024, the Better Business Bureau stated that as Lycamobile had received 147 complaints, and had failed to respond to 13 of them, Lycamobile's rating with the BBB is an F (on a scale of A+ to F).
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