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GameStop acquires 500+ AT&T Mobility stores - MCV

GameStop acquires 500+ AT&T Mobility stores

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Games retailer GameStop has stepped up its interest in the US mobile space by acquiring over half a thousand new stores.

It has swooped to purchase three US authorised national AT&T retailers – Cellular World, Midwest Cellular and Red Skye Wireless. The deal covers 507 physical outlets.

"Today's announcement showcases the strength of our relationship with AT&T and fortifies our diversification efforts," GameStop CEO Paul Raines said. "With the continued investments in our Technology Brands business, we are on track to achieve our goal of generating $200m of operating earnings in this growing segment by the end of 2019.”

In 2013 GameStop acquired another AT&T retailer, Spring Mobile, in a deal that included around 90 stores. It currently owns a total of 1,421 AT&T Mobility stores.

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