Phone firm sold in €2bn deal

PHONES4U owner Caudwell Group will be sold to two private equity firms in a deal worth £1.46 billion (€2.16bn), it was confirmed yesterday.

Phone firm sold in €2bn deal
Mon, 07 Aug, 2006 - 01:00
Tim Hobden

Mobile phone tycoon John Caudwell put the company up for sale in November so he could fulfil his ambition of sailing around the world.

And it has emerged private equity firms Doughty Hanson & Co and Providence Equity Partners have agreed a deal for the group.

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