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| Dixons Carphone in deal with Sprint to open US stores | Dixons Carphone in deal with Sprint to open US stores |
| (35 minutes later) | |
| Dixons Carphone has signed a deal with US telecoms firm Sprint that could eventually see it open 500 stores in the US. | Dixons Carphone has signed a deal with US telecoms firm Sprint that could eventually see it open 500 stores in the US. |
| It said it had agreed to open and manage 20 Sprint-branded US stores as part of a pilot programme. | It said it had agreed to open and manage 20 Sprint-branded US stores as part of a pilot programme. |
| If that proves successful the two firms will move to a second phase that could see the opening of up to 500 US stores. | If that proves successful the two firms will move to a second phase that could see the opening of up to 500 US stores. |
| During the second phase Dixons Carphone will invest up to $32m (£20m) for a 50% stake in the joint venture. | |
| The deal is the first major expansion for Dixons Carphone since the merger of Carphone Warehouse and Dixons last year. | The deal is the first major expansion for Dixons Carphone since the merger of Carphone Warehouse and Dixons last year. |
| Sprint is the third largest wireless broadband provider in the US and also owns Boost mobile and Virgin mobile phone networks. | Sprint is the third largest wireless broadband provider in the US and also owns Boost mobile and Virgin mobile phone networks. |
| Andrew Harrison, Dixons Carphone deputy chief executive, said "This is a very exciting venture for us, and is a significant step in growing our business in the US. | Andrew Harrison, Dixons Carphone deputy chief executive, said "This is a very exciting venture for us, and is a significant step in growing our business in the US. |
| "We bring specialist knowledge and skills to this partnership and will be looking to deliver innovation and outstanding customer service under the Sprint brand." | "We bring specialist knowledge and skills to this partnership and will be looking to deliver innovation and outstanding customer service under the Sprint brand." |