17th Sep 2014 05:38
LONDON (Alliance News) - Two mobile operators who contributed to the fall of Phones 4U into administration by withdrawing their business from the retailer in recent weeks are understood to be in talks with administrators to buy portions of the company, the Financial Times reported on Tuesday.
Vodafone Group PLC and EE Ltd have each held talks with the administrator about buying parts of the Phones 4U business, including some stores, staff and stock in the UK, the FT said.
The moves may provide an escape route for thousands of staff who are set to lose their jobs. It also comes on the back of talks being held by Dixons Carphone PLC to offer jobs to 800 Phones 4U staff working in concessions in its own stores. Dixons Carphone may also reportedly be interested in buying some of the stores and acquiring some of Phones 4U's brands, the FT said.
http://www.ft.com/cms/s/0/4f1ec59c-3dbc-11e4-b782-00144feabdc0.html?siteedition=uk#axzz3DVmp2mCT
By Sam Unsted; [email protected]; @SamUAtAlliance
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