Reply to post: Re: They are making profits of over £100m...

Phones 4u slips into administration after EE cuts ties with Brit mobe retailer

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Re: They are making profits of over £100m...

Other reports suggest that Phones4u was owned by a bunch of hedgies. Those vultures (no, not you, Reg!) issued bonds for a lot of money, took the money for themselves, and left the company to repay the bonds out of future earnings. The interest payments on those bonds killed the company.

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