Phones 4 U ponders float

Oliver Smith
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HIGH street mobile phone retailer Phones 4 U could be considering a £1bn public float later this year as private equity owner BC Partners examines its options for the business.

BC Partners has not yet appointed advisors for a potential float and people close to the firm said that discussions remain at a very early stage but confirmed an initial public offering was among the options being considered.

Phones 4 U was bought by BC Partners in 2011 for £700m.

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