Friday, 24 April 2015 - 11:13
Dixons sells off The Phone House ownership stake
British electronics and telecommunications retailer Dixons Carphone decided to dispose of tis majority stake in The Phone House Netherlands BV. The sum of the deal remains undisclosed. The sale is executed as a part of Dixons’ refocused strategy, reports Marketwatch. The company reported on Friday that Relevant Communications BV is buying the majority stake in The Phone House. Dixons Carphone said it would remain a minor shareholder in the Dutch company. It plans to further develop its connected world services' partnerships in the Netherlands through insurance and technical support contract, with a view of expanding this further in the future. The majority stake sell "is another step in our clear strategic plan to focus on our core retail business in markets where we have scale and real relevance to customers, whilst growing through service partnerships in the wider international arena," Dixons Carphone's chief executive, Sebastian James, is quoted saying.