Dixons Carphone PLC Sprint JV stores and Honeybee deployment (6466H)
09 June 2017 - 5:30PM
UK Regulatory
TIDMDC.
RNS Number : 6466H
Dixons Carphone PLC
09 June 2017
Dixons Carphone plc
Sprint JV stores to transfer to Sprint Inc
Dixons Carphone to focus collaboration on Honeybee
deployment
In July 2015, Dixons Carphone's Connected World Services (CWS)
division and Sprint entered into an agreement to open and manage a
number of Sprint-branded stores in the US and provide certain
consultancy services to Sprint. In March 2016 they entered into a
further agreement to deploy Honeybee into the Sprint retail
estate.
In light of the changing US mobile market landscape and Sprint's
review of its own distribution strategy, the companies have reached
mutual agreement that CWS will focus on the deployment of the
Honeybee platform across the entire Sprint estate and that Sprint
will acquire the CWS 50% share of the distribution joint
venture.
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. It has been a
privilege to work so closely with Marcelo and his excellent team as
they turn around this amazing business and we look forward to
making Honeybee as successful for Sprint as it is for us."
Kevin Crull, President of Omnichannel sales at Sprint said:
"We thank Dixons Carphone, an innovative, world-class operator,
for helping accelerate our retail transformation through this
partnership. We continue to enjoy a productive relationship with
Dixons Carphone and look forward to rolling out the Honeybee
platform across our store estate, whilst consolidating a number of
our branded distribution partnerships."
Dixons Carphone reports its Preliminary results on 28th June
2017.
For further information
IR, PR & Corporate +44 (0)7748 933
Kate Ferry Affairs Director 206
+44 (0)7979 696
Mark Reynolds Head of Investor Relations 498
+44 (0)7834 256
Hannah Collyer Head of Media Relations 775
Nick Cosgrove,
Helen Smith Brunswick Group +44 (0)207 404 5959
Information on Dixons Carphone plc is available at
www.dixonscarphone.com
Follow us on Twitter: @dixonscarphone and @DCSebJ
About Dixons Carphone
Dixons Carphone plc is Europe's leading specialist
electrical and telecommunications retailer and services
company, employing over 42,000 people in eleven countries.
Focused on helping customers navigate the connected
world, Dixons Carphone offers a comprehensive range
of electrical and mobile products, connectivity and
expert after-sales services from the Geek Squad and
Knowhow.
Dixons Carphone's primary brands include Carphone
Warehouse, CurrysPCWorld and Simplifydigital in the
UK & Ireland, Elkjøp, Elkjøp Phonehouse,
Elgiganten, Elgiganten Phone House, Gigantti and Lefdal
in the Nordic countries, Kotsovolos in Greece, Dixons
Travel in a number of UK & Ireland airports and Phone
House in Spain. Our key service brands include Knowhow
in the UK, Ireland and the Nordics, and Geek Squad
in the UK, Ireland and Spain.
Business-to-business (B2B) services are provided through
Connected World Services, CurrysPCWorld Business and
Carphone Warehouse Business. Connected World Services
aims to leverage the Group's existing expertise, operating
processes and technology to provide a range of services
to businesses.
Dixons Carphone was voted 'Retailer of the Year' at
the Retail Week Awards 2016.
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