24th Apr 2015 06:41
LONDON (Alliance News) - FTSE 100 electricals and telecoms retailer Dixons Carphone PLC on Friday said it has struck a deal to sell its 83% stake in The Phone House Netherlands BV to Relevant Holdings BV, a vehicle set up by Dutch telecoms retailer Optie1.
Dixons Carphone did not provide any financial details on the sale.
Following completion of the deal, expected to happen in June, Dixons Carphone will retain a minority stake in the Dutch retailer and will work to develop its Connected World Services' partnerships in the Netherlands, with an initial focus on insurance and technical support services.
"I am delighted to announce this partnership for Phone House Netherlands, alongside a long-term contract for the provision of insurance and technical support services, through our Connected World Services division. Optie1 is an experienced telecom and retail company, making it the perfect partner in this market," said Dixons Carphone Chief Executive Sebastian James.
"Following last week's disposal of The Phone House Deutschland, this is another step in our clear strategic plan to focus on our core retail business in markets where we have scale and real relevance to customers, whilst growing through service partnerships in the wider international arena. We look forward to building a strong and healthy business together," James added.
By Sam Unsted; [email protected]; @SamUAtAlliance
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