Acquisition

Carphone Warehouse Group PLC
19 December 2005



19 December 2005


For immediate release


The Carphone Warehouse Group PLC ('The Carphone Warehouse')


The Carphone Warehouse acquires Tele2's UK and Irish CPS businesses


The Carphone Warehouse announces that it has acquired the entire issued share
capital of Tele2 UK Communications Ltd and Tele2 Telecommunications Services Ltd
(Ireland), the holding companies for Tele2 AB's UK and Irish carrier pre-select
('CPS') operations, for a cash consideration of £8.5m.  In addition, The
Carphone Warehouse has assumed liability for certain cash restructuring costs
amounting to approximately £2m.


At completion, Tele2 had approximately 188,000 customers in the UK and 36,000
customers in the Republic of Ireland.  The acquisition is consistent with the
group's strategy of building its CPS customer base both organically and by
selective acquisition.  The Carphone Warehouse intends to migrate these
customers onto its own network under the TalkTalk brand.  The transaction is
expected to be marginally earnings enhancing in the current financial year.


For Further Information


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