Carphone Warehouse and TalkTalk splitCarphone Warehouse and TalkTalk announce demerger
29 March 2010
The Carphone Warehouse has split with broadband and mobile phone provider TalkTalk.
TalkTalk was set up as part of The Carphone Warehouse Group in 2003, but today TalkTalk has become an independent company listed on the London Stock Exchange.
Talk Talk customers
TalkTalk provides both broadband and phone services. For more information on package options and to find out how TalkTalk measures up to other providers in our satisfaction survey check out the Which? broadband review.
According to TalkTalk's CEO, Charles Dunstone writing on the TalkTalk blog, this won't make any difference to TalkTalk's 4 million customers, as it has been operating separately from Carphone Warehouse for several months in preparation for the demerger.
Dunstone writes: 'When TalkTalk launched all those years ago, no one expected us to become Britain's biggest home broadband provider. We think our future is brighter then ever and we're looking forward to the challenges of like as an independent company that lie ahead.'
The Carphone Warehouse and Best Buy
This follows The Carphone Warehouse's link up with consumer electronics retailer Best Buy. In 2008 Best Buy - one of the biggest electronics retailers in America - acquired a 50% stake in The Carphone Warehouse's European and US retail interests. Best Buy will be launching in the UK in Spring 2010 with the first stores in Hedge End Southampton, Thurrock and Merry Hill in the West Midlands.
At the time Carphone Warehouse retained it's Talk Talk broadband service but today's move shows a further split between its retail and broadband operations.
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