Feeds

Carphone puts £60m tag on Best Buy Europe project

Trading update says well placed to ride out downturn

Top three mobile application threats

Carphone Warehouse has lifted the lid on how much its cooperative deal with Best Buy is going to cost, along with a trading report on how well the year is going for it so far.

CEO Charles Dunstone reckons everything's peachy this year, with subscribed mobile connections up 21 per cent and two million broadband customers now handled on unbundled exchanges.

The company is investing in better infrastructure to connect its busiest exchanges without paying carriage to anyone else.

Revenue on mobile connections is down, as many of them are mobile broadband contracts - lacking the opportunity for raising revenue through termination fees, international roaming or out-of-bundle minutes. Pre-paid revenue is showing disappointing growth, but the company has high hopes for a good Christmas.

The economic downturn might slow things up, but Dunstone claims the company is well placed to weather the storm: "Our robust balance sheet and the quality of our assets leave us well placed to ride out the downturn and emerge in an even stronger position on the other side."

The company managed to increase the number of stores by 16 - to 2,430 - but isn't planning many more of the high-street shops synonymous with the brand as the focus shifts to the "Best Buy Europe" project.

That endeavour will see stores of greater than 30,000 square feet popping up around Europe, with £20m being spent to March 2009, and another £40m over the following 12 months, £30m of which is start-up money.

Best Buy and Carphone Warehouse have already put the money aside for the project, and given that it's a long-term investment the current depression in land prices might serve them well, assuming the economy recovers in good order. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
Google looks to LTE and Wi-Fi to help it lube YouTube tubes
Bandwidth hogger needs tube embiggenment if it's to succeed
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.