Sprint Corp. said Monday it is launched a joint venture with Dixons Carphone that will lead to the opening of up to 500 Sprint-branded stores across the U.S.. Dixons Carphone is a European wireless and consumer electronics retailer. “The joint venture is expected to help fuel Sprint’s retail transformation, including the expansion of its retail store footprint,” the company said in a statement. The companies will fund the venture equally and have a 50% stake in it. Sprint shares rose 0.6% in early trade, but are down 35% in the last 12 months, while the S&P 500 has lost about 7%.
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