i2 picks up PCs with CompuMe

zoom

Tchablakian (left) and Sunaid plan to create multi-concept stores throughout the Middle East.

Executives at i2 said that the capture of CompuMe would make it one of the biggest retailer of combined telecoms, digital electronics and IT products in the Middle East and Africa.

The purchase will also enable i2 to create multi-concept stores selling telecoms, IT and digital electronic products under one roof.

The mobile phone firm plans to open 150 retail outlets in MEA over the next three years at a total cost of around US$35million. It also intends to refurbish its 340 existing stores to accommodate IT and electronic products.

"This is a momentous occasion for i2 Group as we pursue our expansion plan to be the largest retailer covering 30 countries. Undoubtedly, i2 is the only electronics, telecommunications, and IT retailer with an extensive network that spans across the Middle East and Africa," commented Abdul Hameed Al Sunaid, CEO of i2 Group.

"With the merger, CompuMe brings in its expertise in retail operations and technical know-how to the i2 business, which will be implemented in the existing i2 outlets in 22 countries and the forthcoming 150 multi-concept stores," said Dikran Tchablakian, former vice chairman of CompuMe and now senior vice president of i2 Group; this role will see him take charge of the retail operations.

Print | Email | Discuss this article

| Share |

READERS' COMMENTS

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic. Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Enter the words above *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM