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Carphone Warehouse and Dixons Retail to merge

Carphone Warehouse and Dixons Retail have agreed to enter a 3.8 billion pounds (4.7 billion euros) all-share merger. The deal will establish a mobile phone a and electricals products retail network of about 3,000 stores across Europe and a turnover of £12bn (14.7 billion euros).

Last year Carphone Warehouse, which is the biggest independent mobile phone retailer in Europe, paid £471m (577 millio euros) to buy back the 50% stake it had sold to US chain Best Buy.



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