Tesco to sell off its mobile division

UK retail giant Tesco has recently announced a operating loss of £6 billion This is strange really, considering how many pies the company has its fingers in. Anyway, in an attempt to stem to flow the company has already sold its Blinkbox streaming properties, including movies, music and books.

The hope was that Tesco Mobile would survive the cull as it’s one of the biggest operators outside of the four main networks. The 50/50 venture with O2 generates £100m a year for Tesco, helped by low-cost tariffs and 250 specialised mobile stores. Now it seems that even the MVNO is on the chopping block after the supermarket giant began talks with bankers about putting the carrier up for sale.