Following court approval, General Wireless will take ownership of 1,500 and 2,400 of the company's stores, which Sprint will then buy and use to establish a "store-within-a-store" retail presence. The remaining RadioShack-owned stores will be closed.
The bankruptcy filing and sale do not apply to the 1,000-plus dealer franchise stores currently operated in 25 countries worldwide, stores operated by RadioShack's Mexican subsidiary or the company's Asia operations.
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