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UPDATE 1-Carphone to partner Samsung on Europe stores

Wed, 29th Jan 2014 07:51

LONDON, Jan 29 (Reuters) - Carphone Warehouse,Europe's No. 1 independent mobile phone retailer, has signed adeal with Samsung Electronics Co Ltd that will seeit operate over 60 Samsung stand-alone stores across thecontinent, it said on Wednesday.

Through the "preferred partner" agreement new stores sellingSamsung's full range of mobiles, tablets and laptops, will berolled out in the next three months across seven Europeanmarkets - the UK, Ireland, Germany, Spain, Portugal, Sweden andthe Netherlands.

Carphone said there was potential to expand the relationshipwith Samsung, the world's biggest smartphone vendor.

The deal with Samsung is the latest in a series of Carphonecollaborations.

It already has relationships with Media Markt/Saturn and Metro Group in the Netherlands and Germanyrespectively.

Last week Carphone beat forecasts for third-quarter revenuegrowth at its main CPW Group business, helped by growing salesof 4G superfast mobile broadband products.

Shares in Carphone, up 19 percent over the last year, closedTuesday at 269.2 pence, valuing the business at 1.6 billionpounds ($2.7 billion).

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