Re: They are making profits of over £100m...
That's all very accurate but rather irrelevant to what is happening, as according to the article, they merely swapping one middle man for another.
Little as I like to see 5 thousand people jobless just because the networks figured out they can boost their profits by few millions by changing contractors, fact is, they are in no way obliged to continue any sort of commercial relationship with anyone beyond the contractual terms. It's a risk, any middle man/company takes when tying themselves exclusively to certain type of business.
I can only hope, this isn't a cheap but effective attempt to sink the market value of Phones4U before approaching with a buy out offer tailored to the buyers needs only to then emerge as a saviour ;)
Though frankly, nothing will surprise me anymore.