Roman Abramovich-owned British telecoms firm sold for £1

January 25, 2023
1 Min Read
Roman Abramovich-owned British telecoms firm sold for £1

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 (BEIS).

The company, previously part-owned by Russian oligarch Roman Abramovich, the former owner of Chelsea football club who was sanctioned by the UK Government following Russian’s all out invasion of Ukraine in 2022, was valued at £386m in 2018.

Share this Article
1068 Comments