Carphone Warehouse 2009 Annual Report Download - page 13

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Directors’ Report –
Business Review
www.cpwplc.com 9
TalkTalk
Group
Best TalkTalk Group Best Buy Europe Virgin Mobile France Freehold property
Key assets
▪
2.8m broadband
customers.
▪
1.1m voice-only and
narrowband customers.
▪
Only fully-unbundled
network in the UK.
▪
Nearly 2,500 stores
across nine European
markets.
▪
Strong supplier
relationships and
access to exclusive
product.
▪
1.1m mobile customers.
▪
Widest MVNO
distribution in France.
▪
Relationship with
Orange.
▪
Four freehold
properties in London
and the North West.
▪
£65m book value; £72m
estimated market value.
Strategy
▪
Maintain or grow
broadband market
share.
▪
Focus on value and
simplicity.
▪
Continue to improve
network performance
and reliability.
▪
Target strong cash
generation.
▪
Evolve retail proposition
to embrace a broader
array of connectivity
services.
▪
Grow mobile market
share protably.
▪
Launch multi-channel
consumer electronics
business.
▪
Continue to grow
customer base to
reinforce position as
“fourth network”.
▪
Aim to be protable and
cash generative within
two years.
▪
Maximise value through
development and
potential sale.
Group Structure and Assets
The Carphone Warehouse Group PLC
100% 100%
Best Buy
Europe Virgin Mobile
France Freehold
property
100% 50% 48.5% 100%