Retailer Phones 4U has gone into administration putting 5,596 jobs at risk.
The chain, which is owned by private equity firm BC Partners, said its 550 stores would all be closed on Monday.
Phones 4U blamed the move on mobile network EE's decision not to renew its contract, which followed a similar move from Vodafone earlier in September.
"If mobile network operators decline to supply us, we do not have a business," said Phones 4U boss David Kassler.
The company said established mobile contracts taken out through it would not be affected, although phones ordered and not despatched - for example anyone ordering the new iPhone 6 over the weekend - would be. A customer service line will be open from Monday at 09:00.
It also said staff should turn up to work as normal, when they would be given further details and would "continue to be paid until further notice".
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