Tesco mobile firm doubles its revenues

Revenues at British retail giant Tesco’s mobile business in Ireland doubled last year to €21.5 million as the firm recorded a pre-tax profit of over €5m.

The joint venture business between Tesco and O2 Ireland was established in Oct 2007.

New figures returned to the Companies Office for Tesco Mobile Ireland show the firm recorded a pre-tax profit last year of €5.3m after recording losses of €678,000 in 2010.