Welcome to the MacNN Forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

You are here: MacNN Forums > News > Tech News > EE agrees with administrators to acquire 140 Phones 4U stores

EE agrees with administrators to acquire 140 Phones 4U stores
Thread Tools
NewsPoster
MacNN Staff
Join Date: Jul 2012
Status: Offline
Reply With Quote
Sep 22, 2014, 07:00 AM
 
More stores from failed British mobile phone retailer Phones 4U are being scooped up for use by a second carrier, with shops to be rebranded and reopened in a short space of time. EE, operator of Orange and T-Mobile in the country, has signed a deal with administrators to acquire 58 of the stores from the company, pending court approval, and in the process attempt to keep on 359 affected employees at the locations.

The Register writes that the purchase is worth £2.5 million, though EE had only until yesterday to place an offer with Phones 4U administrators PwC. This marks the second major attempt by other companies to help Phones 4U staff, with competing carrier Vodafone picking up 140 stores and 900 staff, and Dixons Carphone taking on 800 employees. Despite Phones 4U laying off 628 head office staff with redundancy packages, there is still approximately 2,800 staff left unemployed.

EE's attempts to help may be seen as too little too late, as the carrier and Vodafone have received blame for the company's demise by not renewing sales contracts, in turn leaving Phones 4U without a product to sell. John Caudwell, founder of Phones 4U who sold the company in 2006, told the BBC the "ruthless actions" of the "predatory" carriers amounted to an "unprecedented assassination" of the store chain.
     
   
Thread Tools
 
Forum Links
Forum Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Top
Privacy Policy
All times are GMT -4. The time now is 04:11 AM.
All contents of these forums © 1995-2017 MacNN. All rights reserved.
Branding + Design: www.gesamtbild.com
vBulletin v.3.8.8 © 2000-2017, Jelsoft Enterprises Ltd.,