Phones 4U has gone into administration, leading to the closure of all its 550 stores and leaving a question mark hanging over thousands of jobs.
This includes staff at the Grantham branch, in St Peter’s Hill. Like every other branch across the UK, the doors remain closed this morning.
The chain, owned by private equity firm BC Partners, is blaming the closure on mobile network EE’s decision not to renew its contract. Vodafone did the same earlier this month.
A statement on the Phones 4U website reads: “Following the unexpected decision of EE and Vodafone to withdraw supply from Phones 4U, we regret that we are offline. Please accept our apologies and we will update you as soon as possible.”
It is signed off by “the heartbroken Phones4u team”.