eSIM pioneer and global MVNO sold for £1 after Russian owners were hit by sanctions

While it is a UK-based company, Truphone also owns Montana based iSmart Mobile and has a Delaware-incorporated US operating unit

Drahi is now the biggest shareholder in BT with nearly one fifth of the stake

It has not been reported why the review is taking place, or how long it will last

Abramovich and his Russian business partners could lose more than £300 million on their investments in Truphone

Truphone is accused by the Federal Communications Commission of allegedly exceeding statutory limits without Commission approval

Truphone has provisioned close to 18m SIMs globally, up from 10m last March

eSIM adoption is set to reach 3.4 billion globally by 2025, up from 1.2 billion last year, according to Juniper Research

The deal will last for five-years and provides Truphone customers with EE’s mobile network

Operators have seemed reluctant to push the benefits of eSIMs, but increased travel may soon change things

Truphone are the third-biggest provider of eSIM services globally 

The solution provides instant over-the-air connectivity 

Truphone claims to have provisioned over four million eSIM profiles worldwide

The eSIMs only cater for data usage so far but cellular and messaging are in development and expected in the coming months

On course to more than break target even after years of losses says CEO

Other partners of Apple SIM include: EE, Three, AT&T and T-Mobile

Former CEO steps down after five years and has also resigned from his position as a director

The new cloud service, announced at Mobile World Congress, is currently in beta testing

RoamingExpert’s range of tariffs will now include the Vodafone MVNOs World Network offer that covers more than 200 countries