CARROLLTON, Texas-Value-added wireless logistics provider CellStar Corp. completed the sale of its Polish subsidiary to Phone House Polska, a subsidiary of U.K.-based The Carphone Warehouse Group plc.
“The sale is one of several recent actions the company has taken to focus its resources on its more profitable, lower-risk, growth businesses,” explained Dale Allardyce, president and chief operating officer of CellStar.
CellStar said it expects to record a small gain from the sale in its third-quarter results.
