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Truphone bought for £1


German businessman and tech entrepreneur Hakan Koç (above) and former telecoms executive and private equity investor Pyrros Koussios have completed the takeover of eSIM and global mobile MVNO Truphone from Russian oligarchs for £1.

The sale was delayed by an interim order by the Department for Business, Energy and Industrial Strategy. made under the UK’s new National Security and Investment Act, Koç and Koussios had to wait for a security review to be completed and was not a threat to national security.

The company was valued at £410 million in 2020 and received more than £300 million of investment from Russian oligarch Abramovich and his business partners Alexander Abramov and Alexander Frolov.
 
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Never a good sign when companies or businesses get sold or bought for £1. Normally a sign of the Administrators or Customs & Excise are parked up around the corner waiting for the shout, ........ Go, Go, Go.
 
Do Truphone own the esim technology?

Like most technology these days eSIM consists of multiple patents. There is the basic GSMA eSIM concept., the original inventors and then the profile discovery (e.g Microsoft) then how implemented in devices both phone and IoT (e.g Samsung and Apple). eSIM is still developing in both device, profile management and use. Over 20 related patents issued in 2022.

Companies like Truphone will not be unique but probably have resolved many of the issues regarding international roaming and the use of eSIM which would allow another to catch up. But there are many around such as Keepgo.

But I'd guess anything related to Russia is more complex than just what they appear to do.
 
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