Sprint Takes Control of 100 Stores from Dixons Carphone

[cdmagurus.com]

Sprint today said it will acquire 100 retail stores that it has operated in partnership with Dixons Carphone since last year. The two companies created a joint venture in February 2016 that relied on retail know-how from Dixons Carphone to sell Sprint goods and services. The joint venture saw the two firms open some 500 stores around the country, all of which were funded evenly between the two corporations. Now, Sprint is effectively buying out Dixons Carphone's stake in 100 of those stores in order to take full ownership. Sprint says the transaction will not change or impact the individual stores' operations. Sprint and Dixons Carphone will continue to operate the other 400 stores covered by the joint venture together. Sprint has spent the last two years bulking up its retail presence.


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