Phones4U up for sale
One of Britain’s richest men today put his Phones4U retail business up for sale, after receiving a number of approaches from potential suitors.
Billionaire John Caudwell, who set up the operation in 1987, said he had delayed the sale of his fixed-line telecoms arm Caudwell Communications and was instead inviting offers for the wider Caudwell Group.
The company, which has annual sales of more than £2bn (€2.9bn) and employs 8,500 staff, said it had received “many offers” from buyers interested in acquiring all or part of the group.
