ELECTRICALS AND TECH NEWS
AO World acquires IP rights of mobile phone firm A1 Comms
15 February, 2024 | by Angela Beevers
AO World has acquired the intellectual property rights of mobile phone business A1 Comms following the company’s fall into administration.
The purchase price was £2.2 million and the move has saved 73 jobs.
AO said in a statement: “As AO seeks to expand its mobile proposition, the acquisition of the brands and platforms will provide AO with expertise and synergies that will accelerate this ambition.”
A1’s websites include affordablemobiles.co.uk, buymobiles.net and Samsung url, mobileshop.com.
The company has offices in Derbyshire and entered administration earlier this month.
The news comes just days after Frasers Group upped its stake in AO World by increasing its holding from just over 23% to 24.7%.
