Carphone Warehouse and Dixons announce £3.8 billion merger

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Carphone Warehouse and Dixons are set to merge after the boards of the two retailers agreed to a tie-up that will create hundreds of new jobs.

The new entity will be called Dixons Carphone and the pair claim that cost savings under the deal will reach as high as £80m.

"The boards of Carphone and Dixons recognise that in order to achieve the expected benefits of the merger, operational and administrative restructuring will be required following completion," said the statement.

A spokeswoman for consumer electronics specialist Dixons stated that though there would be more jobs on a . . .

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