A mysterious stranger e-mailed me with the following info. It sounds interesting and sadly, not at all out of the question:
There is serious talk (no pun intended) of a number of industry players in
the UK taking CPW and/or their subsidiaries to the High Court for serious
breaches of contract, culminating in non-payment of very large revenue
streams. Questions are being asked as to the nature of CPW’s relationship
with certain mobile network operators (MNOs) to have been able to blantantly
ride rough-shod over these smaller distribution companies, leaving them high
and dry, with little or no hope of recouping such great losses. To many
outsiders this may appear liitle more than an industry spat, but the sad
truth is that many good, honest and innocent people have lost their
livelihoods and others are threatened with far worse, due to CPW’s apparent
disregard for their legal and financial obligations.
Ofcom shows little interest, as they claim they are only interested in
issues that effect end-users and not other participants within the industry.
Great, no help there, then! The issue arises out of the provision of
low-cost calls from offices to mobiles and the MNOs determination to stamp
out this practise, even though the Competition Appeals Court have recently
found favour in those providing such services. The mobile networks have been
extremely nervous about this action and are now faced with huge claims being
made against them.
How does this effect CPW? CPW alledgedly operated such services themselves
under the auspices of the MNOs, but prevented their own distributors from
doing so, which is what some may describe as anti-competitive practise and
very serious if proven in European court. If guilty of such practises, fines
in the millions could be levied against CPW and their shareholders should
perhaps be very nervous of the apparent hidden strategies being utilised by
the senior management within the CPW group. There is serious discontent
being expressed by inside CPW contacts who know what’s going on and want no
further part of it.
Watch this space.
Thank you, KE. I heard, as well, that a certain CEO was dropped from the OBE list this year. Things aren’t entirely rosey for the Carphone Warehouse then….
I also heard that a few ISPs actually outbid Carphone Warehouse initially for AOL UK. Apparently they went all the way up to 500 million, when the sale price was only 380.
For J and the CPW legal team’s sake, these are allegations, mere whispers, and it’s possible they’re not true.
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