Roman Abramovich-owned British telecoms firm sold for £1

A pound coin.

German tech entrepreneur, Hakan Koç, and former telecoms executive and private equity investor, Pyrros Koussios, have acquired global mobile operator Truphone.

Koç and Koussios are said to have snapped up the assets and subsidiaries of Truphone Limited for £1 following the completion of the company’s restructuring and the recent receipt of National Security and Investment Clearance from Grant Shapps MP, the Secretary of State for Business, Energy and Industrial Strategy...

24 January 2023 | Telecoms

Truphone part-owner Roman Abramovich among sanctioned oligarchs

Truphone part-owner Roman Abramovich is among the latest Russian oligarchs to be sanctioned by the UK today.

Abramovich made the bulk of his wealth from selling assets following the collapse of the Soviet Union. The assets were acquired far below market value in Russia's controversial loans-for-shares privatisation initiative.

Between 2000-2008, Abramovich was the governor of Chukotka Autonomous Okrug. He is allegedly a confidant of former Russian president Boris Yeltsin...

10 March 2022 | Legislation & Government

Truphone will use EE’s network after signing deal with BT

UK-based MVNO Truphone will use EE’s network after signing a five-year deal with BT Wholesale.

Truphone’s customers will benefit from EE’s network which, according to independent tests, is the best overall in the UK for coverage and speeds. At present, Truphone is operating on O2’s network.

Ralph Steffens, CEO of Truphone, said:

“We’re incredibly excited to partner with BT Wholesale, the clear market leader in the UK, on this important relationship...

1 February 2022 | Networks