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Tag: recycler

British Steel owner redeems mobile recycler

British Steel owner redeems mobile recycler

Business
The owner of British Steel has struck a deal to ‎buy one of the UK's biggest recyclers of mobile phones following a scramble to secure new funding. Sky News understands that Greybull Capital has taken a majority stake in Redeem, which describes itself as Europe's leading provider of trade-in and recycle programmes for mobile devices.It works with customers such as Sky Mobile, which is run in conjunction with O2 and is owned by Sky News' parent company,‎ as well as 3, Tesco Mobile and Vodafone.The deal, which is expected to be announced on Sunday, sees Greybull placing a bet on the so-called re-commerce market at a time when increasing volumes of mobile phones are being recycled.The global pre-owned devices market is now estimated to be worth more than £14bn.R...