22nd Sep 2014 05:51
LONDON (Alliance News) - Dixons Carphone PLC and EE Ltd were closing in on deals over the weekend to buy parts of collapsed mobile phone retailer Phones 4U, the Financial Times reported Sunday.
Dixons Carphone was understood to be in talks to buy some Phones 4U stores, meaning more than 200 of the company's outlets would be kept open in the UK, in addition to the 160 Phones 4U concessions which had operated within Dixons stores, the FT said.
The news comes after Vodafone Group PLC on Friday said it would buy 140 stores from Phones 4U administrator PwC, retaining 900 workers from the chain.
Phones 4U had a total of 550 standalone stores.
http://www.ft.com/cms/s/0/1c40b24a-41b6-11e4-b98f-00144feabdc0.html?siteedition=uk#axzz3E1InmBhu
By Sam Unsted; [email protected]; @SamUAtAlliance
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