3/20/2008 12:09:00 PM
Carphone Warehouse agrees sale of Swiss assets
Carphone Warehouse Plc announced to the Stock Exchange today that it has agreed a deal to transfer assets in Switzerland to Swisscom AG.
Carphone will transfer all of its Swiss store leases, other related property leases and retail and head office employees relating to its mobile distribution business in Switzerland.
The gross assets of the mobile distribution business will remain within Carphone Warehouse along with its fixed line and insurance businesses in Switzerland.