Truphone, a UK-based mobile network founded by James Tagg and backed by media groups, has raised £75m ($118m) primarily from Roman Abramovich, owner of Russia-based oil major Sibneft. Abramovich’s investment vehicle, Minden, has acquired a 23.3% stake in Truphone for £70m, valuing the company at £300m. Truphone works in 220 countries and is available as…

The rest of this content is only accessible to Global Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.