eSIM firm TruPhone set for ‘£1 sale’ after Abramovich sanctions

UK-based eSIM specialist TruPhone is reportedly set to be sold for just £1 following the imposition of sanctions on Russian oligarch Roman Abramovich, who is a part owner of the business.

Reports say German businessman Hakan Koç and his associate and former telecoms executive Pyrros Koussios will acquire 90% and 10% of the company, which had been valued as much as £410 million in 2020.

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