Phones 4u, a major independent mobile phone retailer in the United Kingdom, has gone into administration after its last remaining mobile operator partners, EE and Vodafone, announced cuts in ties with the retailer on Sunday night.
The retailer is owned by private equity firm BC Partners. It has 720 outlets, including 550 standalone stores and employs 5,596 people. The management will brief the staff in stores and at head office on Monday morning. BC Partners said it is "intended that employees will continue to be paid until further notice".