Carphone Warehouse full of Broadband
Carphone Warehouse, Europe’s leading independent mobile phone retailer and owner of TalkTalk, has reported an increase in customers for both businesses during its second quarter and at the same time confirmed that it will split into two companies early next year.
Specialising in Home and Mobile telephone equipment and services, the telecommunication business stated that it has added 77,000 broadband subscribers to its TalkTalk telecoms division in the three months to the end of September, and also advised that customer connections at Best Buy Europe, Carphone Warehouse’s retail joint venture with US electricals group Best Buy, were also up 2% to 3.17 million.
Having recently acquired Internet and Telecom company Tiscali UK – Carphone Warehouse announced that this business lost 62,000 broadband subscribers, but commented that this was in line with expectations, and that the business is also expecting to lose a further 160,000 customers following the adjustment process.
Regarding the company’s plans to demerge next year, Charles Dunstone, chief executive officer of Carphone Warehouse stated that they remain convinced that by separating TalkTalk Group and Best Buy Europe it will enable the worth and potential of each business to be more appropriately evaluated, and continued by saying that they have made good progress regarding a number of outstanding issues and that they are increasingly confident they can achieve a demerger by the end of March.
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http://business.timesonline.co.uk/tol/business/industry_sectors/telecoms/article6865739.ece