Tesco talks to bankers about Tesco Mobile sale - report

Monday 11 May 2015 | 10:07 CET | News
UK supermarket chain Tesco has held talks with banks about the possible sale of MVNO Tesco Mobile, its 50/50 joint venture with O2 UK, people familiar with the situation told the Financial Times. The move is part of new CEO Dave Lewis's strategy of selling non-core assets to return the group to financial health. Tesco Mobile could be worth hundreds of millions of pounds, as it contributed around GBP 100 million of profit for Tesco in 2014 and benefits from the valuable Tesco brand. The MVNO had over 4 million subscribers at the end of 2014, according to Ovum. There are over 250 Tesco Phone

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: O2 UK / TalkTalk / Tesco Mobile
Countries: United Kingdom
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


GiffGaff to introduce new price plans on 02 September

Published 11 Aug 2015 11:31 CET | United Kingdom
UK MVNO GiffGaff has announced a new range of 4G-ready and tethering friendly goodybags in response to customer feedback. The new ...

Tesco Mobile undercuts Sim-only market with 18-mth contracts

Published 19 May 2015 10:06 CET | United Kingdom
MVNO Tesco Mobile, a venture with O2 UK, has launched two 18-month Sim-only contracts, the first of their kind in the UK. ...

Giffgaff places first in Which? customer satisfaction survey

Published 29 Apr 2015 14:01 CET | United Kingdom
Giffgaff was the top UK mobile operator in a customer satisfaction survey by consumer association Which?, reports Mobile News. ...

Tesco Mobile heads Satmetrix customer recommendation ranking

Published 22 Apr 2015 19:12 CET | United Kingdom
Tesco Mobile had the highest score in the UK mobile industry according to Satmetrix Net Promoter Score (NPS) in the latest Net ...

Tesco Mobile backs S6, One M9 with double data deal

Published 25 Mar 2015 11:24 CET | United Kingdom
UK MVNO Tesco Mobile will sell the Samsung Galaxy S6, S6 Edge and HTC One M9 on plans starting at GBP 36 a month on a 2-year ...

Tesco Mobile extends tariff promise into third year

Published 20 Mar 2015 17:31 CET | United Kingdom
UK MVNO Tesco Mobile is extending its Tariff Promise for a third year, pledging to never raise customers' tariff mid-contract. ...

Tesco drops mobile distributors to buy direct - report

Published 15 Mar 2015 15:18 CET | United Kingdom
UK MVNO Tesco Mobile has cut mobile distributors from its supply chain to buy direct from mobile manufacturers, people familiar ...

Tesco was losing GBP 40 mln a year at Blinkbox

Published 23 Feb 2015 09:47 CET | United Kingdom
UK supermarket chain Tesco lost over GBP 40 million in the year to 28 February 2014 from its attempt to break into the music and ...

Tesco transfers Blinkbox Books users to Kobo

Published 28 Jan 2015 16:56 CET | United Kingdom
UK supermarket chain Tesco is transferring its around 100,000 Blinkbox Books customers and their existing libraries to Rakuten ...

Guvera acquires Blinkbox Music

Published 26 Jan 2015 13:12 CET | United Kingdom
Australian music streaming company Guvera has acquired UK music streaming Blinkbox Music from Tesco for an undisclosed amount. ...

Tesco Phone Shops to stop selling others' postpaid contracts

Published 22 Jan 2015 11:05 CET | United Kingdom
Tesco plans to phase out the offer of pay monthly contracts at Tesco Phone Shops to focus on the Tesco Mobile service. A company ...

TalkTalk buys Tesco broadband, Blinkbox movies

Published 08 Jan 2015 09:27 CET | United Kingdom
UK ISP TalkTalk has acquired financially strapped supermarket chain Tesco's Blinkbox VoD movie and TV series business and its ...

Calendar   /   Industry Events

11 May United Internet Q1 2021
11 May Softbank FY results
11 May Vizio Q1 2021
11 May Allot Q1 2021
11 May Telefonica Brasil Q1 2021
11 May Sonim Q1 2021
11 May Magyar Telekom Q1 2021
11 May Radcom Q1 2021
11 May Lattice Semiconductor investor day
11 May Small Cells World Summit
12 May BT FY results
12 May Airtel Africa Q1 2021
12 May Mediaset Q1 2021
12 May Telefonica Deutschland Q1 2021
12 May Deutsche Telekom Q1 2021
12 May Bredband2 Q1 2021
12 May Lumentum fiscal Q3
12 May Syn Q1 results 2021
12 May OTE Q1 2021
12 May NEC FY results
13 May Alibaba Group Q1
13 May Inwit Q1 2021
13 May Telefonica Q1 2021
13 May Poly fiscal Q4
13 May DZS investors day
14 May Digi Communications Q1 2021
14 May Japan Display FY results
14 May Sohu.com Q1 2021
14 May Sogou Q1 2021
17 May World Telecommunication and Information Society Day
::: More Calendar Items