EE to buy a load of Phones 4u stores
When EE ditched Phones 4u, it sent the phone vendor into administration. Now, EE are going into full-on troll mode, saying that they're going to buy 58 stores from Phones 4u, invariably at a knock-down price.
However, there is some good coming out of it. EE reckon that this deal they've struck with Phones 4u's administrators PwC, would safeguard 359 jobs.
This news follows Vodafone's agreement to take over 140 of Phones 4u's retail outlets. Vodafone also happened to be one of the companies that walked away from P4u and speeded up their demise.
Phones 4u founder John Caudwell went mad about the companies who suddenly stopped doing business with the retailer. He said the company went under thanks to the "ruthless actions" of "predatory" mobile phone networks.
Last week, is spat that these actions were an "unprecedented assassination".
Of course, the networks denied this and pointed out that all they wanted to do was to start selling phones themselves, focusing on their own shops, which basically means that they wanted to cut out the middle man.
Alas, Phones 4u are now saddled with debts in advance of £200m and thousands of jobs are still at risk. Administrators PwC confirmed that 628 employees at the company's head office in Newcastle-under-Lyme will be losing their jobs.
However, as previously reported, Dixons Carphone said that they'll be offering 800 jobs to Phones 4u staff.