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Lebara sold to Private Equity !

sufferingsam

ULTIMATE Member
I am not a fan of Private Equity takeovers (they have no expereicne of running different businesses, Just look at takeover of Morrisons, Asda, Maplins, Comet etc ). Their only aim is to asset strip, take some profits, Load it with debt, Increase prices and let it wither or someone else takes over AND RUN for the hills.

It is in no way beneficial to the cosnumers, who end up footing the bill for their adventures.

The days of cheap deals are numbered, in my opinion.
 
Yeah, not a good day. Like Sam says, private equity takeovers usually turn to shyte for staff and customers.
I actually liked Lebara quite a bit, good clean brand, nice usable site, reasonable customer service and affordable. My wife has been using them since forever.
I'll be watching closely.

 
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Worrying time for UK mobile really especially with Three-Vodafone merger and investors pushing for Curry's to potentially sell iD as well. And a ripe time to kill off EU roaming too. That's a bigger death nail for me than the pricing (assuming other networks don't cut it too...) but not sure how many other customers are in the same mind. TalkMobile changed their mind last year which was positive but if it's yield not new customers with Lebara I'm sure they'd try it too...

If Lebara keep the ongoing pricing and EU roaming I'd still stay at the current full prices. They are competitive enough, especially at the lower end. I expect the intro offers to dry first as these showed acquisition/boosted customer numbers. I'm less bothered there, it's been a good run of very cheap deals that I never saw before.
 
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Immediate reaction does not sound good. I have 3 sims with Lebara. Personal phone. Wireless dongle in car. Eldest son's phone. Like Lebara. Straight forward pricing. Easy to use app. Will be keeping an eye on. Was thinking of changing one of the sims to EE based virtual operator.
 
2 months on... 50GB for £2.90 7 months followed by £9.90. Love the roaming pass for a tenner as well outside of EU.

"Today's the day you worried about yesterday... yet all is well"

(
apologies for bold somehow it wont let me change it)
 
terrible, look at what has happened to asda and morrisons
Private equity is right in the name.. always take something and extract assets out, making huge profits in the time it happens.

We see this elsewhere as well. It isn't just limited to that.

As a society right now we want to do less, but somehow expect more.
 
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