InPhonic (INPC) has bagged another big customer.
The online cell-phone retail outsourcer is expected to announce Friday that
has hired InPhonic to handle its Internet mobile-phone sales.
The company did not disclose terms of the deal, but CEO Dave Steinberg said "this will be a profitable partnership for us." InPhonic lost $5 million on revenue of $95 million for the second quarter ended June 30.
Best Buy, one of the nation's largest consumer-electronics chains, sells phones for Cingular, co-owned by
; Verizon Wireless, a joint venture of
; and Amp'd Mobile.
InPhonic handles online cell-phone sales for retailers like
and Sam's Club. The other half of the company's sales come from its own site, Wirefly.
"We are excited that Best Buy chose to work with InPhonic," CEO Steinberg said.