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Carphone Warehouse to Split Operations

8:45 am on Apr 22, 2009 (gmt 0)

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Carphone Warehouse to Split Operations [ft.com]
Carphone Warehouse confirmed on Wednesday it would split its retail and telecoms operations into two separately listed companies but the UK’s largest mobile phone retailer refused to set a timetable for the demerger.”The timing will depend on the cost and reallocation of the group’s credit facilities,” said Charles Dunstone, chief executive. ”Meanwhile the operational separation of the two businesses has already effectively been achieved.”