The Carphone Warehouse is to split it’s TalkTalk fixed line and broadband businesses into their own separate businesses by July 2010.
The move is to happen as Charles Dunstone, Chief Executive of Carphone Warehouse thinks that it will make it easier for shareholders to see the value of each of the businesses.
Mr Dunstone said:
“Both have reached the point where there are no material synergies between them. They need to operate independently”
The company posted a pre-tax loss of £72 million with revenue falling to £1.385bn from £1.424bn the previous year.
The Carphone Warehouse has recently bought the UK broadband arm of Tiscali broadband for £236m which has boosted their broadband subscribers by an extra 1.7 million and giving them 25% of the UK broadband market with a total subscriber base of 4.25 million.