Blog Post

Earnings: Carphone Confirms Split; iPhone/Dongles Drive Mobile; AOL UK Name To Disappear

Carphone Warehouse profit dropped by 11 percent to £39 million ($58 million) between April and September but, in answer, the group on Tuesday confirmed plans to split itself in two – the Best Buy Europe electronics retailer, created when the US giant bought half of Carphone for $2.1 billion in May, and Carphone’s own TalkTalk ISP. The earnings announcement said the JV “has highlighted a number of issues relating to the resulting Group structure from both an operational and a stock market perspective” (the latter has slumped by over 60 percent this year)…

CEO Charles Dunstone