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Sunday, February 3, 2013

postheadericon Roman Abramovich invests ?70m in UK firm Truphone

Chelsea owner has a 23.3% stake in mobile telecommunications, are currently estimated at 300 million pounds

Roman Abramovich has made its largest investment in a company in the UK since he bought Chelsea football club taking a stake in the telecom company that values ??Truphone 300 million books.

Truphone allows travelers to technology in the United States, the United Kingdom and Australia, use a phone to call, text and Internet access at local rates without changing phone or the SIM card.

Russian billionaire pays ? 70m for a stake of 23.3%, an investment that brings Abramovich with his partner in the metals and mining group Evraz.

Evraz chairman Alexander Abramov, 80% owned Truphone before this round of funding and participation was diluted to 60%. The company is led by CEO, Steve Robertson, who created and directed the Division of BT network Openreach until 2011.

The investment is the first of Abramovich in telecommunications, but the Russian oligarchs have a great interest in the sector. Mikhail Fridman holds stakes in mobile companies, including VimpelCom Russia and Turkey Turkcell. He sold his stake in Megafon mobile Alisher Usmanov before its recent announcement of London.

Robertson stated that representatives of the vehicles Abramovich Millhouse asset management services have been tested extensively before committing. The investment is made through Minden, which is related to Millhouse.

"true believers who Truphone and how we can be a big change in the industry," said Robertson. "Your investment is an important part of what allows us to realize the full potential of our business. "
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