EE Buys 58 Phones 4U Stores: '360 Jobs Saved'

Mobile phone operator EE said it would buy 58 Phones 4U outlets, saving almost 360 jobs from the collapsed retailer.

The £2.5m deal, made through administrator PricewaterhouseCoopers (PwC), comes after Vodafone said on Friday it would buy 140 stores.

PwC joint administrator Rob Hunt said: "We are absolutely delighted to have completed this further disposal of 58 Phones 4u stores, which will both recover value for secured creditors and save 359 jobs."

On Friday, Vodafone said it would buy 140 stores, saving 900 staff jobs.

Mr Hunt added: "As with the Vodafone transaction, we consider that this represents the best potential outcome for creditors in the circumstances, although it remains subject to the approval of the UK courts."

The units will be rebranded with the EE logo