Phones 4U collapsed into administration on Sunday night after its last remaining mobile operator partner, EE, cut ties with the retailer.
Phones 4U has 720 outlets, including 550 standalone stores, and employs 5,596 people. Staff will be briefed by management in stores and at head office on Monday morning. BC Parters, Phones 4U's private equity owner, said it is "intended that employees will continue to be paid until further notice".
Mobile industry sources said EE informed Phones 4U of its decision last week. After being contacted by The Telegraph on Sunday BC Partners said it would seek to appoint PwC as adminstrators on Monday.
Phones 4U stores will be closed pending a decision by the administrators on whether they can be reopened for trading. Mobile contracts signed through the retailer will be unaffected.
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Phones 4U has 720 outlets, including 550 standalone stores, and employs 5,596 people. Staff will be briefed by management in stores and at head office on Monday morning. BC Parters, Phones 4U's private equity owner, said it is "intended that employees will continue to be paid until further notice".
Mobile industry sources said EE informed Phones 4U of its decision last week. After being contacted by The Telegraph on Sunday BC Partners said it would seek to appoint PwC as adminstrators on Monday.
Phones 4U stores will be closed pending a decision by the administrators on whether they can be reopened for trading. Mobile contracts signed through the retailer will be unaffected.
Sent from me phone