Sprint buys out European partner in store expansion venture

Nearly two years into an effort to open 500 Sprint stores together, Sprint and its European partner have unwound the partnership.

Dixons Carphone and Sprint had opened more than 100 of the stores through a joint venture owned equally between them. Announcements by each said Sprint will buy Dixons Carphone’s half, without disclosing terms of the sale.

In its announcement, Sprint said it would continue to use Dixons Carphone’s retail platform in additional Sprint stores.

Kevin Crull, Sprint’s president of omnichannel sales, said the existing Sprint Connect stores would remain fully staffed and that the ownership change would not disrupt operations. The companies, he said, will continue to work together.

Read more: Kansas City Star


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