Demerger is still on at Carphone; TELECOMMUNICATIONS.
The telecoms company is set to create two separate listed companies and is proposing to install Carphone founder Charles Dunstone as executive chairman of both businesses.
But it said the timing of the demerger was unclear, as the move will depend on credit conditions.
Carphone now has 2.8 million subscribers to its TalkTalk broadband business, although it said revenue growth for the current year was expected to be "relatively" flat.
The group, which outlined a tougher climate for its retail business, said the decision to plough on with a demerger marks a natural progression for the two businesses, which effectively already operate separately.
Carphone has put 450 jobs at risk of redundancy across the company as part of an overhaul to keep costs under control.
It is still consulting with staff and hopes to redeploy many in other roles..
|Printer friendly Cite/link Email Feedback|
|Publication:||The Birmingham Post (England)|
|Date:||Apr 23, 2009|
|Previous Article:||Strategy is vital for company success; Management consultant and winner of the BYPY Inspiring leader award Peter Rees-Steer explains why a clear...|
|Next Article:||Councils had to show more unity and leadership.|