Vodafone buys major stake of Crazy John’s (UK, Australia)Vodafone buys a major stake of Crazy John’s, to value the business at between $150 million and $200 million.
This has come just less than a year after the death of the mobile phone entrepreneur, John Ilhan. Crazy John’s is the Australia’s second largest independent mobile phone retail group.
“I am excited that Vodafone is enhancing its already successful commercial partnership with Crazy John’s by taking a major stake in the business,” Mrs Ilhan said.
The deal has been signed off this week in UK. The deal will also see the NAB exit its 8.3% shareholding in the company, but an agreement has been reached with the other shareholders to maintain their shareholding.
Crazy John’s which has nearly 105 stores, will be supplemented by Vodafone’s own branded retail chain of about 200 shops.
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