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Britain's Truphone wins backing from Roman Abramovich

Frustrated by the lack of mobile phone coverage at his home on a farm in Kent, inventor James Tagg decided he could improve matters by getting into the mobile business himself.

First, he launched Software Cellular Network, an early version of Skype, which allowed customers with poor mobile coverage to make calls over a wireless internet connection. Then, he invented a mobile phone sim card which allows users to operate different phone numbers from a single chip, before expanding the system into a cut price mobile network.

Read more: Britain's Truphone wins backing from Roman Abramovich

Seven telecoms companies for 4G Auction

UK Chancellor George Osborne’s hopes of raising at least £3.5 billion from the auction of super-fast 4G mobile spectrum today got a big boost as seven telecoms firms were approved as potential bidders by regulator Ofcom.

The three new entrants seeking to snap up some of the 4G airwaves are BT, China’s PCCW and niche UK operator MLL Telecom.

Read more: Seven telecoms companies for 4G Auction