(MENAFN) Britain's Carphone Warehouse and Dixons Retail have announced an all-share merger at USD6.4 billion, aims to tap into the increasing convergence of smartphones and consumer electronics products in peoples" lives, according to Oman Observer.
The merger between Combining Carphone, Europe's biggest independent mobile phone retailer, and Dixons, Europe"s No. 2 electricals retailer, will help create a group with turnover of about USD20.125 billion, 2,900 stores and 45,000 staff
Carphone Chief Executive Andrew Harrison, said: "We operate in two complementary markets (mobile phones and consumer electronics) but they are markets that are converging."
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