Dixons Carphone signs deal with Sprint to open US stores
In the initial phase, Dixons Carphone will supply mobile phone retail expertise and proprietary knowledge to Sprint which will open around 20 retail stores. If the stores are successful, a second phase will be implemented which will involve CWS investing equally with Sprint in a joint venture to roll out up to 500 stores.
During the second phase, Dixons Carphone will invest up to $32 million to obtain a 50% interest in the new venture, and the cash will be used to fund the roll-out and operation of the stores. The company will also provide support across the whole of the Sprint estate as part of a wider 'know-how' sharing arrangement.
Andrew Harrison, Dixons Carphone deputy group chief executive and chief executive of the Connected World Services division, said: "We are delighted to be working with Sprint and to be a part of a transformation in their business that is already making impressive headway.
"This is a very exciting venture for us, and is a significant step in growing our CWS business in the US. We bring specialist knowledge and skills to this partnership and will be looking to deliver innovation and outstanding customer service under the Sprint brand."
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