Zapp closes 20 stores of 27

Telemobil (Zapp), a mobile telephony operator Greek Cosmote
group acquired last year, has in the past four months cut down the
number of owned stores from 27 to 7, according to the data
presented on the company’s website. Zapp partners’ store network
also narrowed from 110 to 57 stores, so that, four months after
Cosmote officially got the Competition Council’s approval to buy
into the company, the retail network built by Telemobil halved,
from 137 to 64 stores. Amid the closing of the 20 Zapp stores, the
company’s headcount was cut by several tens of employees. The
reduction, or how Telemobil representatives call it, the
“optimisation” of Zapp’s retail network is not a surprise given
that Cosmote group has owned, since 2006, Germanos, the biggest
domestic telecom and technology retailer. As a matter of fact,
Telemobil, now run by Cosmote managers, announced its products and
services are available in the entire Germanos store network.