Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Tuesday 06 December 2022 6:47 pm

Ministers call for clearance personnel on Roman Abramovich-owned Truphone deal

By: Leah Montebello

Add as a preferred source on Google
Deal called under question by business secretary over Roman Abramovich
Deal called under question by business secretary over Roman Abramovich (Photo by Peter Macdiarmid/Getty Images)

Ministers have demanded that the German businessman snapping up Roman Abramovich’s British telecoms firm must hire government-cleared security personnel for the deal to be sealed.

Business Secretary Grant Shapps said the takeover of the UK firm Truphone could pose a risk to national security, and could lead to disruption of the mobile services sector.

Hakan Koc agreed to buy Truphone, which makes e-sim technology, earlier this year for £1 from Abramovich, the oligarch that previously owned Chelsea football club and was sanctioned by the government.

Koc said he was supportive of the move to hire a cleared security officer and would “promptly implement”, the Telegraph reported.

It is understood Abramovich is not involved in this sales process.

Read more

Exclusive: Russian ambassador was invited to box at Queen’s Club

Andrey Kelin, Russian ambassador, addressing media at a press conference on diplomatic relations and international policies.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Trending Articles

  • Burnham tax plans spark investor rush to bank capital gains

  • Brewdog chief executive quits after only one year

  • UK ‘no longer a serious place’ says Hedge fund boss after losing £200m tax battle

  • Cruyff turn: Starmer allows pubs to stay open for England World Cup game

  • Nothing fails to file accounts months after dissolution threat

More from City PM

  • Exclusive: Russian ambassador was invited to box at Queen’s Club

    Wealth
    Andrey Kelin, Russian ambassador, addressing media at a press conference on diplomatic relations and international policies.
  • UK Government warns Joe Joyce against travelling to Russia for Moscow fight

    Sport Business
    Getty Images logo on a digital screen, representing business and media industry in a professional news setting
  • Could The Billingsgate Roman Bathhouse win a Toast award?

    Life&Style
  • Bitcoin Suisse Receives MiCAR License and Launches European Expansion

    Business Wire
  • Rugby needs its Premier League to step up and take control, Raine says

    Sport Business
    Breaking news event with journalists and cameras gathered, capturing a press conference in a bustling city environment
  • Liz Kendall ramps up push to funnel pension cash into UK startups

    Tech
    Work and Pensions Secretary Liz Kendall is in charge of reforming the state pension and benefits system
  • UK manufacturers facing ‘steel quota cliff edge’

    Industrials
    The steel industry has been particularly badly hit by rising energy costs
  • Brexit 10 years on: Labour’s EU reset deal is ‘no growth strategy’

    Politics
    According to a new report from UK in a Changing Europe (UKICE), UK services trade has been more resilient than almost all other advanced economies.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy