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The Lycatel (or as previously used "Lyca Tel") brand has been in existence since 2001 although its early ownership and operational structure were significantly distinct in the early 2000s from the present day.

The present-day Lycatel brand owners and licensees form a larger organisation although the operational focus of Lycatel remains the sale of a variety of differently branded calling cards to wholesalers.

The most popular brands of Lycatel calling cards include Africa Tel, Cobra, Eurocity, One One, Spicy Tel, Supertel, Unitel, Viper and World Call.

Each calling card brand features different calling rates to different destinations with some being more suited to single use (known in the calling card industry as 'throw-away cards').

Services range from financial products and insurance services, as well as ventures into logistics and even an airline business Lyca Airways, based in West Africa.

Ventures of note include the following: Lycamoney is a pre-paid debit card offering, enabling mainly new migrants to European countries to have access to payment schemes such as Master Card.

Launched in 2013, Lyca Radio was born after the acquisition by Lyca of radio frequencies previously operated by Sunrise Radio.

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Aside from telecommunications, there are a variety of Lyca-branded business ventures.

Lycatel currently holds a wider country-by-country spread than the Lycamobile operations, although Lycamobile has begun operations in countries where Lycatel does not currently have a presence, such as Poland.

Although the calling card market is generally considered to be in decline with the arrival of mobile telephony, Lycatel as a whole remains a dominant and significant competitor in the calling card market in Europe.

Lycamobile is a mobile virtual network operator (MVNO) operating in 23 countries worldwide.

The bulk of Lycamobile revenue is claimed to be generated from Lycamobile's SIM products.

Both stations have retained the previous format of Sunrise Radio, targeting South Asian communities.

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