Carphone Warehouse is to sell 50 percent of its retail business to giant US retail chain Best Buy for a cool £1.1bn, and plans to funnel the cash into an overhaul of its broadband infrastructure.
Carphone, who operate TalkTalk and own AOL’s UK broadband services, will keep the remaining 50 percent of their stake in their domestic retail business, which will eventually lead to Best Buy-branded stores opening up across in Europe; despite this, Carphone will hold on to all of its telecoms concerns.
It is thought that the majority of the investment will go toward getting ADSL2+ connectivity rolled out across both providers, as well as expanding availability through the LLU/BT Openreach program in order to keep up with providers such as Be Broadband, Sky and Virgin Media all of whom either offer ADSL2+ solutions or next-gen speeds.
Data from samknows.com reveals that TalkTalk have installed equipment in 1,632 exchanges to date, with another 31 currently awaiting installation. By comparison, AOL has equipment in 1,049 exchanges, with no more exchanges slated as of yet. This could all change in the coming months however; keep checking back here to see what services you can sign up for at your exchange.
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