Dixons Carphone sells majority stake in The Phone House Netherlands

Dixons Carphone sells majority stake in The Phone House Netherlands

Dixons Carphone has entered an agreement to dispose of its majority stake in The Phone House Netherlands. The news comes a week after the retailer announced the sale of their German unit to local MVNO, Drillisch.

Relevant Holdings BV will acquire Dixons Carphone’s 83% stake with the retailer remaining a minority shareholder.

Sebastian James, Chief Executive of Dixons Carphone, stated a focus on taking the business into the ‘wider international arena’ with the company looking to further develop its Connected World Services in the Netherlands, following the completion of the deal in June.

He said: ‘I am delighted to announce this partnership for Phone House Netherlands, alongside a long-term contract for the provision of insurance and technical support services, through our Connected World Services division. Optie1 is an experienced telecom and retail company, making it the perfect partner in this market.

‘This is another step in our clear strategic plan to focus on our core retail business in markets where we have scale and real relevance to customers.’

The Phone House and Optie1 will operate as two separate brands under Relevant Holdings BV, who are owned by the shareholders of Optie1.

Henk Kamsteeg, Supervisory Board Chairman of Relevant Holdings, said: ‘Phone House and Optie1 will be positioned differently, with the Optie1 telecom stores mainly located in smaller cities and Phone House stores in larger cities.’

 

 

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