2nd Jul 2015 06:12
LONDON (Alliance News) - Dixons Carphone PLC on Thursday said its Connected World Services arm has signed a deal with US mobile carrier Sprint Corp to open and manage a number of Sprint-branded stores in the US.
Initially, FTSE 100-listed Dixons Carphone, formed of the merger of Dixons Retail and Carphone Warehouse, will supply mobile phone retail expertise to Sprint for 20 new stores. If successful, the scheme will then be rolled out further, with plans to open up to 500 stores.
In the second phase of the programme, Dixons Carphone will invest up to USD32 million to acquire a 50% stake in the joint venture with Sprint.
"We are delighted to be working with Sprint and to be a part of a transformation in their business that is already making impressive headway. This is a very exciting venture for us, and is a significant step in growing our CWS business in the US. We bring specialist knowledge and skills to this partnership and will be looking to deliver innovation and outstanding customer service under the Sprint brand," said Andrew Harrison, Dixons Carphone's deputy chief executive and the chief executive of the Connected World Services division.
By Sam Unsted; [email protected]; @SamUAtAlliance
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