June 09, 2017
Sprint To Assume Full Ownership of More Than 100 Stores Currently Operated Under Joint Venture with Dixons Carphone
New Stores Will Contribute to Sprint’s Rapidly Expanding Retail FootprintOVERLAND PARK, Kan. – JUNE 9, 2017 – Today Sprint (NYSE: S) and Dixons Carphone announced that ownership of Sprint Connect stores, previously operated under equally shared ownership of a joint venture between the two companies, will transfer to full Sprint ownership while Sprint continues to utilize Dixon Carphone’s retail platform. In response, Sprint’s President of Omnichannel Sales Kevin Crull issued the following statement:
"Sprint is assuming full ownership of more than 100 stores currently operated by Sprint Connect, a joint venture with Dixons Carphone. This partnership achieved its objective of accelerating Sprint’s retail transformation. We thank the team at Dixons Carphone and look forward to leveraging their innovative platform across Sprint stores as we to continually enhance our customer experience. We are rapidly expanding our retail footprint to serve the high demand for the Sprint value proposition. There will be no disruption in Sprint Connect store operations and they will remain staffed by the retail teams currently working to serve our customers in these locations."
Sprint (NYSE: S) is a communications services company that creates more and better ways to connect its customers to the things they care about most. Sprint served 59.7 million connections as of March 31, 2017 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; leading no-contract brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. Sprint has been named to the Dow Jones Sustainability Index (DJSI) North America for the past five years. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.