Sprint Signs Agreement With RadioShack’s Lender To Expand Branded Stores

As part of RadioShack’s recent bankruptcy filing, Sprint and General Wireless Inc., a subsidiary of Standard General LP, RadioShack’s largest shareholder, have agreed on terms that would allow Sprint to expand its branded store distribution by 1,750 stores. Sprint and General Wireless plan to establish co-branded stores that will exclusively sell mobile devices across Sprint’s brand portfolio as well as RadioShack products, services and accessories. Under the terms of the agreement, Sprint would operate a store within a RadioShack store, occupying one third of the retail space of each location.
Sprint currently has more than 1,100 company-owned retail stores, which would more than double if the transaction is approved.