Carphone Warehouse to expand overseas wireline operations

8 Mar 2004

UK mobile phone retailer Carphone Warehouse has announced the acquisition of Spanish wireline reseller Xtra Telecom for EUR24 million. Under the terms of the deal Carphone will outlay an initial EUR11.5 million, with a further EUR12.2 million payable if Xtra meets its profit targets. Xtra Telecom currently focuses on business and wholesale customers as well as the international pre-pay market. With Carphone Warehouse on board, however, the company expects to make moves into the residential segment within six months, echoing the group’s strategy in the UK.