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Low-cost mobile provider iD Mobile (Currys), which piggybacks off VodafoneThree’s (Three UK) national 4G and 5G network via a virtual operator (mvno) partnership, has reported seeing subscribers grow by +18% over the last year to total 2.6 million (up from 2.3m in January 2026) – putting them ahead of their 2.5m target for the year.
The operator, which is now aiming to reach 2.8 million subscribers before the end of this year, also revealed that they ate some £27m of capital expenditure in the year – mostly of which can be attributed to handsets provided upfront and recovered through customers’ monthly payments. But this was offset by efficiencies in the rest of the business.
According to Currys: “We help customers get the most out of their tech, most importantly through connectivity. iD Mobile, our 100% owned mobile virtual network operator (MVNO), grew subscribers to 2.6m, +18% YoY, ahead of our 2.5m target. iD Mobile is a structurally attractive business. It’s high-margin and recurring, with economics that improve as the base scales, with a distribution advantage through Currys stores and online channels that few MVNOs can match.”