Dixons Carphone has teamed up with mobile giant Sprint to open up to 500 stores in the US.
As part of the deal, which was announced today, the London-listed retailer's Connected World Services (CWS) division will open and manage a number of US stories under the Sprint brand.
The retailer will supply "mobile phone retail expertise and proprietary knowledge" to Sprint, which will initially open 20 stores. If that goes well, the duo will open up to 500 more, in which each party will equally invest.
In the second phase of the agreement, Dixons Carphone will splash up to $32m (£20.5m) to snag a 50 per cent share in the new venture. The cash will be used by Sprint to fund the stores' operation.
Andrew Harrison, CEO of Dixons CWS, said:
"We are delighted to be working with Sprint and to be a part of a transformation in their business that is already making impressive headway. This is a very exciting venture for us, and is a significant step in growing our CWS business in the US. We bring specialist knowledge and skills to this partnership and will be looking to deliver innovation and outstanding customer service under the Sprint brand."
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