TP Global Operations acquires Truphone
- Acquirer
- TP Global Operations
- Target
- Truphone
- Deal Value
- $1.25 (£1)
- Market
- United Kingdom
- Region
- Europe
- Status
- Completed
- Announced
- January 25, 2023
What happened
TP Global Operations, the vehicle of entrepreneurs Hakan Koc and Pyrros Koussios, completed its acquisition of eSIM pioneer Truphone for a symbolic one pound after UK government national security clearance. The sale followed sanctions pressure tied to Truphone's previous Russian linked shareholders, including Roman Abramovich, and came with a commitment of fresh investment.
Why it matters
A global eSIM MVNO that had raised hundreds of millions changed hands for a pound. It is the starkest reminder in this tracker that connectivity assets carry geopolitical risk, and that ownership, not technology, can decide an MVNO's fate.
Source: Truphone
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