Dixons Carphone expecting 'quick' sale of iD - but not to an Irish mobile operator
Dixons Carphone is expecting a sale of mobile operator iD to be in place over the next eight weeks, but it is unlikely to be acquired by an Irish rival, sources in the company say.
The one-year-old network, which has almost 30,000 customers in Ireland, is understood to be engaged with several bidders including private-equity operations and international operators considering a move into the Irish market.
Dixons Carphone has invested €20m in the iD network to date with relatively minor success.
It has around 0.5pc of the Irish mobile market, well behind its own targets.
The network is unlikely to be sold to a rival operating in the Irish market, the company sources say.
Dixons Carphone acquired the licence when 3 Ireland was obliged by the European Commission to set up and offer two 'virtual' mobile licences in Ireland as a condition to its own acquisition of O2 Ireland. This makes a sale to another Irish operator "a no go" as it would reduce the number of operators in the Irish market, something the Irish telecoms watchdog Comreg and the European Commission have said should not happen in Ireland.
Dixons Carphone is likely to emphasise its own store-based distribution network in the terms of any deal, company sources say. It has 112 outlets throughout Ireland.