Carphone Warehouse set to unveil demerger plans

20 Apr 2009

The Financial Times is claiming that UK-based Carphone Warehouse will next week announce a demerger of its retail and telecoms interests, although the break-up of the company is not expected to occur until 2010. It is believed that a formal announcement will be made on the release of the company’s fourth quarter trading update next week, with full details of a timetable for the split likely to be revealed at that time. The move comes following pressure from investors to break apart the company, with many arguing that there is no longer a need for the combined retail and telecoms interests now that more than 60% of UK households have broadband access.

United Kingdom, TalkTalk