Shares in Dixons Carphone soared by over 4 per cent this morning after the recently created group announced plans to team up with one of America’s biggest telecoms firms to open up to 500 stores. The company, formed last year by the merger between electricals retailers Dixons and Carphone Warehouse, said its Connected World Services arm has agreed a deal with Sprint to initially open and manage 20 stores selling phones and tablets across the US in cities like Chicago and Miami. The initial plan is only a trial, but if it goes well the aim is to continue with a 500 store roll-out, with CWS investing $32million (£20.5million) to buy a 50 per cent stake in the venture.Initially 20 Sprint-branded stores will be openedIf successful, 500 will be rolled out which would see Dixons Carphone buying a 50% stake for $32m (£20.5m)Stores will be managed by Dixons Carphone's Connected World Services
The new stores will operate under the Sprint brand, but Dixons Carphone will open them, manage them and provide retail expertise and advice to help Sprint expand further and increase its market share across the _. _, America’s third largest mobile phone group, has nearly 60 million customers and already runs around 3,000 wholly-owned and dealer operated stores across America.