UK Orders Firm Linked to Russians to Sell Broadband Provider

UK Business Secretary Grant Shapps ordered a company founded by sanctioned Russian businessmen to sell its holding in a broadband company operating in eastern England, citing a risk to national security.

LetterOne Holdings, the investment company founded by billionaires Mikhail Fridman, Petr Aven and German Khan, must sell its entire stake in Upp Corp., according to the order, which doesn’t announce the deadline.

“The final order and its provisions are necessary and proportionate to prevent, remedy, or mitigate the risk to national security,” according to the decision. Upp was also told to conduct a security audit of ...