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Tag: contract
Phones 4u calls in administrators after losing EE contract
2014-09-15 08:41:00| Telecompaper Headlines
(Telecompaper) UK retail chain Phones 4u has gone into public administration and did not open its doors on 15 September. The move follows Vodafone deciding to stop selling through Phones 4u two weeks ago. The Guardian reports that mobile network EE is undestood to have decided to also pull out on 12 September, after talks that week. Phones 4u is owned by BC Partners, which said it would name PwC as administrators for its 720 locations, including 550 stores. Phones 4u has GBP 635 million of debt. BC bought it for GBP 610 million in 2011. Phones 4u said it would continue to pay its 5,600 staff until further notice. Vodafone's Phones 4u contract, which accounts for 20 percent of sales and profit, runs until February next year. EE told the Guardian that the contract would not run beyond September 2015, in line with its strategic focus on indirect channel growth. Phones 4u it still had significant cash in the bank, and was still profitable, with turnover of over GBP 1 billion and GBP 105 million of underlying earnings last year.
Tags: ee
phones
contract
calls
UK-based Phones 4u seeks administrator after EE contract loss
2014-09-15 02:33:37| Telecom - Topix.net
UK mobile phone retailer Phones 4u said it is seeking the appointment of administrators from PricewaterhouseCoopers after its key partner EE notified the company that it would not be renewing its network agreement. The contract, which ends in September next year with the UK's biggest mobile operator EE - which comprises T-Mobile and Orange, was crucial to the business for Phones 4u after it lost a similar contract with Vodafone Group Plc earlier this month.
Tags: loss
phones
contract
administrator
Vale Awards US$103M Contract To ABB
2014-09-12 12:25:24| econline News Articles
Brazil'sValeawarded Swiss power technology firmABBa US$103mn automation and electrical equipment supply contract to expand capacity at the 40bn-real (US$17.6bn) CarajásSerra Suliron ore project (S11D) in Pará state
Tags: contract
awards
vale
abb
Southeastern wins contract to continue rail services in London, UK
2014-09-12 01:00:00| Railway Technology
The UK Department of Transport has extended Southeastern's franchise deal to continue to operate services between London, Kent and parts of East Sussex until June 2018.
Tags: services
uk
continue
london
DRS wins ship self-defence hardware contract from US Navy
2014-09-12 01:00:00| Naval Technology
DRS Technologies has been awarded a contract from the US Navy to deliver command and control hardware products for ship self-defence system mark two (SSDS) on its aircraft carriers and amphibious assault vessels.
Tags: hardware
contract
ship
wins
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