Michael McComb, who founded the Mobile Phone Store in 1993, sold out to BT Cellnet for £40m in April. The deal gave Cellnet, which had already acquired 40% of the company for an undisclosed sum, complete ownership. McComb, a former Ford dealer, started the Mobile Phone Store in Southport. In contrast to other retailers, he decided to specialise in just BT Cellnet and One2One. This, and a focus on customer service, allowed the company to ride the mobile-phone wave. From its humble beginnings, the Mobile Phone Store grew to 134 shops across Britain and its sales have risen 81% a year, from £3.2m in 1996 to £19.2m in 1999.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.