A joint venture between Dixons Carphone and Sprint to launch retail stores across the US has ended with the mobile operator buying out the UK company.

Sprint has paid an undisclosed amount for the 50 percent stake Dixons Carphone’s Connected World Services (CWS) division acquired in the JV, which was first announced in July 2015.

At the time, Dixons Carphone said it planned to invest up to $32 million to acquire the stake.

The two companies had hoped to launch up to 500 stores but Sprint takes over full ownership with the total amount at around the 100 mark.

They cited the changing US mobile market landscape and Sprint’s review of its own distribution strategy as reasons for ending the partnership.

Sprint will continue to honour a March 2016 agreement to roll out CWS’s omnichannel retail platform honeyBee across its stores.

Andrew Harrison, Dixons Carphone Deputy Group CEO, said: “We have enjoyed working with Sprint to accelerate their store opening programme over the last two years and have developed an estate and a pipeline to help support their ambitious growth plans.

“With the significant shift in the US mobile market, now is the right time to transfer these stores to Sprint, and to concentrate on our exciting software business, honeyBee.”

Kevin Crull, President of Omnichannel sales at Sprint, added: This partnership achieved its objective of accelerating Sprint’s retail transformation.

“We thank the team at Dixons Carphone and look forward to leveraging their innovative platform across Sprint stores as we to continually enhance our customer experience.”

More News

Iliad enters content game in France, finally launches Italian mobile business Iliad enters content game in France, finally launches Italian mobile business Iliad has acquired football rights in France and launched its opco in Italy as it looks to reboot after a disappointing set of financial results. More detail
Three UK appoints new CCO, CFO Three UK appoints new CCO, CFO The departure of Three UK's Chief Commercial Officer after just 18 months in the job has triggered a shake-up of the mobile operator's top team. More detail
TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk has agreed to sell 80,000 business customers to rival Daisy Group in a £175 million deal. More detail
A1 Telekom Austria Group rebrand reaches Bulgaria A1 Telekom Austria Group rebrand reaches Bulgaria Bulgaria is the third A1 Telekom Austria Group opco to get rebranded as the telco looks to market itself as a provider of "advanced" IT, IoT, cloud and content services. More detail
Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services has expanded its work with Dobroflot by developing a customised IoT solution for the Russian fishing company. More detail
    

 

European Communications is now
Mobile Europe and European Communications

  

From June 2018, European Communications magazine 
has merged with its sister title Mobile Europe, into 
Mobile Europe and European Communications.

No more new content is being published on this site - 

for the latest news and features, please go to:
www.mobileeurope.co.uk 

 

@eurocomms