Best bet

24 April 2007 By Taron Wade

The UK telecom retailer is pushing forward in the US venture with electronics retailer Best Buy. It s keeping up broadband growth at home. UK retailers often wilt when they cross the ocean, but Carphone has a relatively lowrisk strategy. The shares don t discount much success.

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Carphone Warehouse announced its strategy for the year to March 2008 to investors and analysts on Tuesday. Management said its joint venture with Best Buy in the US would be expanded, along with a UK launch of Best Buy's Geek Squad, a home technology help service.

For its broadband business, Carphone Warehouse is targeting 3.5m residential customers by March 2010. It has also increased the number of exchanges to be unbundled to cover 80% of the population in the UK.

The company is also expanding its retail business into providing broader wireless solutions.

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