Epic Mobile News

Newsletter Subscription
Subscribe to our Dynamic News Content Feed Subscribe to our RSS Feed

LG and Prada Team Up For Third Phone
The phone maker has joined with the fashion label once again to create a shiny new handset.

New Battery 10x Capacity 10x Charge Speed
Scientists have redesigned a lithium-ion battery to allow it to charge ten times faster and hold ten times the charge of a standard cell.

BBM Music Busts Into Britain
RIM releases the BBM Music service for a hungry British crowd.

 

Tesco Expands Phone Offering With New Deal

Tesco Expands Phone Offering With New Deal Tesco is set to expand its current offering of mobile phone handsets and tariffs, thanks to a new 5-year deal with Cable & Wireless. The supermarket giant will now sell landline phones and broadband packages to customers.

Tesco announced the new deal with Cable & Wireless and plans to sell phone and internet deals online and in-store, becoming a bigger player in the telecoms market.

In 2003, Tesco announced a joint venture with mobile phone network O2. Since then, the supermarket has sold phones and broadband packages through its stores. Tesco also has 100 phone shops within certain stores. The Guardian has reported that weekly sales of mobile phone contracts have grown four-fold throughout this year.

With the new Cable & Wireless deal, Tesco intends to open a further 100 phone shops by the end of next year, with long-term plans of 500 phone shops.

Tesco’s telecoms chief executive, Lance Batchelor explained the new deal would enable Tesco to provide customers with landline phones and internet deals. This means Tesco can now compete with companies like BSkyB and Virgin Media.

Mr Batchelor said: “Our goal: to become a leading provider of telecoms services and products to Tesco customers, with the medium-term potential to generate around £2bn revenue and around £200m profit.”

Tesco has also recently announced plans for offering banking services. Chief executive of Tesco’s retailing division, Andrew Higginson said: “We have demonstrated we can be successful in specific product categories with modest market shares ... However, significant parts of these markets remain untapped.”


Industry News posted by Garry on 20 November 2009

Stock Tickers: TSCO TESO

Have your say - Post a new Comment!

Heading:
Comment:
Anonymous: