The merging of the Carphone Warehouse and Dixons Retail will create "new jobs" and new opportunities across the UK and Europe. Speaking as the merger was announced, Sir Charles Dunstone, Chairman of Carphone Warehouse said:
We have a deep respect for each other and we see the merger of these two great companies as an opportunity to bring our skills together for the consumer and create a new retailer for the digital age.
We are also creating jobs and we see many opportunities for further growth.
John Allan, CBE, Chairman of Dixons said:
This merger will create a new, world class British retailer for the new digital age, with new opportunities for growth and greater scale and reach. Coming together when both companies are flourishing, we will create a stronger business for our customers, colleagues and shareholders - for now and the future.
The new company will be called Dixons Carphone PLC.
More top news
Firefighters rescued 42 people after they became stranded in the Asda supermarket in Kilmarnock by heavy flooding.
Farmer Gareth Wyn Jones is hoping for a festive online hit with footage of sheepdog Cap rounding up sheep.
For one young Australian, Santa Claus brought the greatest present of all this Christmas - the gift of life.