The recession has not dented consumers’ appetite for mobile phones. 20:20 Mobile Group, a business that has operations in 10 countries across Europe and Asia, reported a 17% rise in revenues in 2009. The company was formed in 2006 when the private-equity firm Doughty Hanson backed a £347m buyout from the Caudwell Group. Under chief executive Meinie Oldersma, sales reached £992m in 2009.
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