Lyca Group has announced plans to restructure its operations, aiming to reduce costs and drive growth in the face of a challenging global market.
The company, which operates multiple MVNOs worldwide and a telecom operator in Uganda, plans to adopt advanced digital technologies, streamline internal processes, and automate key functions.
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According to Lyca, the reorganization follows an in-depth review prompted by growing competition and rising costs in the telecom sector. The company intends to reinvest the savings from these initiatives into expanding its market presence.
Key changes include leveraging global business service centers in strategically important regions and transitioning country-specific operations into “leaner, sales-focused” units. Lyca anticipates the measures will significantly improve operational efficiency, speed up the rollout of new services, and enhance customer experience.
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The group aims to grow its MVNO operations and explore new MNO opportunities in Africa. Expansion into additional markets is expected within the current quarter, alongside the launch of new digital brands in the U.S. and Spain.
Deputy Chair Premananthan Sivasamy described the strategic reorganization as a significant move, emphasizing that the changes aim to boost efficiency and enhance the company’s ability to adapt to the fast-evolving telecom industry, benefiting stakeholders worldwide.
