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Caudwell Group, the mobile phone company, has been sold for £1.46bn, with Doughty Hanson acquiring the wholesale distribution division and Providence Equity Partners acquiring the Phones4U chain of shops.
Caudwell Group has sold Homecall, its Manchester-based telephone services business with more than 700 staff, to Pipex Communications for an estimated £43m.
Caudwell, the mobile phone group valued at £800m, has appointed NM Rothschild to consider plans for the sale of the business.
Caudwell Group is to create 1,000 call centre jobs in Manchester over the next 12 months, as part of a £50m expansion project for its Homecall fixed-line telephone services division.
Caudwell Group is considering plans to set up a £10m call centre for its Phones4U mobile phones business at the Celtic Springs business park in Newport, with the creation of up to 900 jobs.
Caudwell is planning to open a further 50 Phones 4u stores this year, taking the total to 350.
Caudwell is planning to open 25 Phones 4u stores across Wales over the next two years, in a £50m expansion drive that will create up to 300 jobs.
Caudwell is said to be considering plans to open a new mobile phone repair factory outside North Staffordshire, due to a shortage of skilled labour in the area.
Caudwell has announced plans to expand its chain of Phones4U mobile phone outlets from 95 to 300 next year at a cost of £50m, which will create more than 1,000 jobs.
Caudwell of Stoke is relocating its Singlepoint mobile phone call centre to Chesterton, while its 20:20 Logistics operation will move from Crewe Hall to a property nearby, as part of a £10m expansion that will create hundreds of new jobs.
Caudwell is creating 50 new jobs at its mobile phone repair division in Newcastle-under-Lyme, having won a contract to repair digital set top boxes.
Caudwell, the Stoke-based mobile phone company, has launched a major expansion scheme to open 78 new shops and create 400 jobs.
Caudwell is to create 500 new jobs at its mobile phones distribution business in Staffordshire, which will benefit sites in Stoke-on-Trent, Newcastle and Crewe.