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CARPHONE Warehouse yesterday; Business IN BRIEF.


CARPHONE Warehouse yesterday said they would press ahead with a demerger demerger n (Comm) → Abspaltung f, Demerger m  of their TalkTalk broadband arm from the group's retail business.

The mobile and telecoms firm are set to create two separate listed companies.

They are proposing to install Carphone founder Charles Dunstone Charles Dunstone (born 21 November 1964) is the CEO and (with David Ross[1]) co-founder, in 1989, of mobile phone retailer The Carphone Warehouse.

He was born in Saffron Walden, Essex, and educated at Uppingham School.
 as executive chairman of both businesses.

But they said the timing of the demerger was unclear, as it depends on credit conditions.

The demerger decision came as Carphone announced a "significant improvement" in performance as TalkTalk broadband added 74,000 customers.

But they said revenue growth for the current year was expected to be "relatively" flat..
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Publication:Daily Record (Glasgow, Scotland)
Date:Apr 23, 2009
Words:99
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