We’ll soon be seeing a lot more of EE and Vodafone on our high streets, as both have agreed to buy Phones 4u shops that were up for grabs last week after the company entered administration.
Mobile networks are clamouring to get their hands on prime retail space left behind by the now defunct high street chain Phones 4u.
Both EE and Vodafone have struck while the iron's hot, or more accurately, while the corpse is still warm, snapping up dozens of Phones 4u shops and saving hundreds of jobs.
As part of a £2.5million deal with Phones 4u, which went into administration last week, EE will take on 58 shops, preventing 359 workers from losing their jobs, while Vodafone is buying 140 shops, safeguarding almost 900 jobs.
Dixons Carphone, which owns the Carphone Warehouse chain, has already said it'll offer jobs to the 800 staff working at Phones 4u stands within its Currys PC World stores.
Phones 4u met a sudden and rather sticky end last week, when EE followed other UK networks in not renewing their contract with high street seller.
As an independent retailer, Phones 4u relied on deals with Vodafone and EE to do business, so when both pulled the plug, the company had no choice but to shut up shop.
The Phones 4u outlets are likely to be rebranded by their respective new owners, so get ready to see a lot more of Vodafone and EE on your high street. The latter's already said most of its new outlets will open within the next week or so.
While mobile networks are opening more and more shops on the high street, the best deals on the latest handsets are often actually found online.