Kesa sells majority of Darty Telecoms business
Kesa Electricals has announced that its Darty France business has entered into a new commercial agreement with Bouygues Telecom, under which Bouygues will acquire 99.9 per cent of Darty Telecom.
Kesa Electricals has announced that its Darty France business has entered into a new commercial agreement with Bouygues Telecom, under which Bouygues will acquire 99.9 per cent of Darty Telecom.
Under the new €40m agreement, Darty will receive revenue streams based on the existing and future subscriber base and for the range of customer and management services that it will provide. The firms predict that these revenue streams, taken together with associated costs and reduced capital investment, will generate a retail profit and cash flow in excess of the current Darty Telecom performance.
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