Member Article

The People’s Operator smashes subscriber landmark following 386% revenue growth

Mobile network operator, The People’s Operator, has broken through the 100,000 subscribers barrier for the first time as it saw revenues jump 386% last year.

In its full year results, released to the London Stock Exchange this morning, the London-based network revealed strong growth across the board following its launch in the US last year.

With revenue up to £2.1m, from £432k in 2014, and its UK subscriber base more than tripling to 69,000, the firm also added 21,000 subscribers in the US after it launched there in conjunction with T-Mobile in July.

The operator, who are based out of Tech City, was launched in 2012 with the aim of promoting and supporting ethical causes and non-profit organisations, with 10% of a customer’s spend going towards a good cause of their choosing.

Wikipedia founder Jimmy Wales, who is Executive Chairman at the mobile firm, said: “This was a solid year of growth for The People’s Operator. Our subscriber numbers continue to rise and we are seeing excellent traction following our launch in the US.

“Our large numbers of charity and good cause partnerships, coupled with our popular and active social platform, mean that we are gaining more and more subscribers attracted by our giving proposition. This proves the strength and viability of our model for viral growth allied with low marketing spend and firm cost control.

“I believe that the social platform will attract growing numbers of subscribers and will fulfil our original vision of becoming a major force in charitable giving, whilst enabling us to grow our subscriber numbers organically. I remain very optimistic for our future in both the UK and the US.”

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