Sprint Deal with Dixons Carphone to Open 500 New Retail Stores
Published on: 10th Mar 2016
Note -- this news article is more than a year old.
USA based Sprint has announced a joint venture to open up to 500 new Sprint branded stores, in partnership with Europe based Dixons Carphone.
The agreement comes after a pilot program launched last year.
Under the agreement, Sprint and Dixons Carphone Connected World Services (CWS) division will build and operate new Sprint stores in multiple U.S. markets. The two companies will fund the startup costs of the joint venture equally and will each have 50 percent ownership interest.
"Sprint is committed to providing the best possible experience for our customers and that begins at the retail store level," said Marcelo Claure, Sprint CEO. "Dixons Carphone is truly a global leader in the wireless retail industry. We have seen incredible results from our pilot program, and I'm confident that expanding our partnership will accelerate Sprint's distribution expansion and ongoing retail transformation."
The move marks Carphone's second attempt at the US market following a deal with Best Buy which was terminated in 2013.