Sprint JV stores and Honeybee deployment

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

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Mark Reynolds	Head of Investor Relations	[phone]
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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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