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Mobile Phone Network Truphone Raises $118M Led By Russian Tycoon Roman Abramovich, At $473M Valuation

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http://techcrunch.com – Truphone, a UK-based mobile network that lets its users make free or low-cost calls to other mobile devices, has today announced a surprise, large funding injection of £75 million ($118 million) from a group of investors led by Roman Abramovich, the wealthy Russian owner of Chelsea Football Club, among other things. Abramovich’s investment company Minden accounted for £70 million of this investment, giving it a 23.3% stake in the company at a £300 million ($473 million) valuation. This is the biggest investment yet in Truphone, which has been around since 2006 and had raised $57.1 mil (IT news)