Dixons and Carphone Warehouse in £3.7bn merger

The Carphone Warehouse and Dixons Retail have agreed a £3.7 billion all-share merger, creating a mobile phone and electricals company with around 2,900 stores across Europe.

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Dixons Carphone PLC to operate across 2,900 EU stores

The Carphone Warehouse and Dixons Retail have agreed a £3.7 billion all-share merger, creating a mobile phone and electricals company with around 2,900 stores across Europe.

The new firm will be split equally between the firms' existing shareholders.

Carphone Warehouse and Dixons Retails Group to merge. Credit: Press Association

Carphone Warehouse, Europe's biggest independent mobile phone retailer, and Dixons, Europe's number two electricals retailer, said the new company would be called Dixons Carphone PLC.

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