01/02/2010

Carphone Warehouse to split into TalkTalk and New Carphone Warehouse

Carphone Warehouse (CPW) the telecoms and broadband operator is to demerge its two operating units by the end of March. TalkTalk will deal with all telecoms and broadband services, while New Carphone Warehouse will deal with the retail outlets (incorporating 50% of Best Buy Europe and 47.5% of Virgin Mobile France). Both TalkTalk and New CPW will be traded on the London Stock Exchange.

Charles Dunstone will become Chairman of both companies while Dido Harding will be CEO of TalkTalk and Roger Taylor (who is current CEO of the combined entities) will become CEO of New CPW.

This should allow both companies to specialise in their particular areas and both can feed each other at arms length.
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