The Carphone Warehouse and TalkTalk Split - Update
Posted: 16th Nov, 2008 By: MarkJ
Back in April we reported that The Carphone Warehouse's store division and its broadband ISP, Talk Talk, were preparing to split into two separate businesses (here). Today's Telegraph states that the group's founder and CEO, Charles Dunstone, is expected to confirm further details soon.
Carphone's business review is still in the early stages and it's suggested that any split probably wouldn't occur until late 2009. Meanwhile TalkTalk itself is expected to be worth in the region of £900m and Vodafone is known to have been seen sniffing around after their failed Tiscali bid:
The Carphone Warehouse will report its latest quarterly results on 18th November this coming week, which is expected to contain confirmation of the split along with some related details.
Carphone's business review is still in the early stages and it's suggested that any split probably wouldn't occur until late 2009. Meanwhile TalkTalk itself is expected to be worth in the region of £900m and Vodafone is known to have been seen sniffing around after their failed Tiscali bid:
One analyst said: "There are two businesses in Carphone that are increasingly operating as stand-alone businesses. Splitting it would give further value to shareholders."
In a recent research note, Tom Gadsby, a retail analyst at Société Générale, said: "The current group structure no longer makes sense. We get the impression that a demerger is the most likely route in the short to medium term."
In a recent research note, Tom Gadsby, a retail analyst at Société Générale, said: "The current group structure no longer makes sense. We get the impression that a demerger is the most likely route in the short to medium term."
The Carphone Warehouse will report its latest quarterly results on 18th November this coming week, which is expected to contain confirmation of the split along with some related details.
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