Well, well...let's do it the easy way...
'Phones 4u is seeking to appoint PwC as administrators at the firm, which has a turnover of £1bn and "significant cash in the bank". Its stores will be closed while administrators, who are to be appointed by Phones 4u's private equity owner BC Partners, attempt to mount a rescue plan for the business.
“Today is a very sad day for our customers and our staff. If the mobile network operators decline to supply us, we do not have a business," said Phones 4u boss David Kassler. "A good company making profits of over £100m, employing thousands of decent people has been forced into administration."
Kind smacks to me of throwing in the towel a trifle early...but that is all to easy these days..If it has no contracts then a new leaner business will have no contracts either...or maybe I'm a mug... ;-)
Biting the hand that feeds IT
