Eazyfone buys used mobile phones from individuals and businesses in Europe, and reconditions and resells them to wholesalers, retailers, insurance companies and other recyclers in China and Africa. It handles about 1.5m phones a year, with only a very small proportion proving to be beyond repair. The company also offers a white-label recycling service to brands such as Argos and The Telegraph. The rise in value of mobile phones and increasing demand have combined to push up the firm’s international sales by 108% a year, from £8.8m in 2008 to £38m in 2010. The company, led by chief executive Herman Spruit, is backed by the private-equity firm Frontiers Capital, which first invested in 2006.
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