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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