Telecom company Lycamobile has appointed Solomon Mathews as its Chief Executive Officer for the Ugandan operations.
In a statement issued on Thursday, Lycamobile said: “Solomon has over 25 years of experience in business operations in a number of leadership roles and has worked in the highly competitive telecom market in India with leading operators like Vodafone Idea and Airtel.”
“He was vice president in his previous assignment, heading sales operations with Vodafone Idea, and played leading roles in launching many telecom projects from 2G to 3G to 4G LTE, and led the company to market leadership position in the geographies that he was responsible for,” the company added.
UK-based Lycamobile Group entered the Ugandan market in January 2020 when it acquired fixed-wireless operator Tangerine, and it went on to launch commercial services in April that year using Tangerine’s existing concession.
Lycamobile was in May 2021 awarded a National Telecommunications Operator (NTO) licence in Uganda to make it the country’s fourth national operator alongside Uganda Telecom Limited (UTL), MTN and Airtel. As an NTO licensee, Lycamobile must deploy networks covering 90% of Uganda within five years, while it must also commit to listing 20% of its shares on the local bourse.
Founded in 2002 by a Sri Lanka-British citizen, Allirajah Subaskaran, the company has a net worth of 2b euros and boosts of 15m customers across the globe.