Mobile virtual network operator (MVNO) Tesco Mobile Ireland, a joint venture between retail giant Tesco and Telefonica O2 Ireland, booked revenues of EUR21.5 million (USD27.5 million) in FY 2011, more than double the EUR10.6 million figure reported the previous year. In a filing to the Republic’s Companies Office, the MVNO also reported it turned a pre-tax loss of EUR678,000 in fiscal 2010 into a pre-tax profit of EUR5.3 million last year, and booked an operating profit of EUR5.9 million, compared with EUR8,000 in FY 2010.
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OVETEL Tesco Mobile Ireland doubles revenues, posts pre-tax profit
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