Phones4U’s private equity owner BC Partners is considering floating the mobile phone retailer this year.

BC Partners, which bought the business for £700m three years ago, is examining options for a float on the London Stock Exchange that could value the retailer at £1bn, the Financial Times reported.

The move could see Phones4U join the tranche of retailers attempting to float this year, which include Pets at Home, Poundland, Fat Face and McColl’s.

Listed rival Carphone Warehouse yesterday reported buoyant Christmas trading after a strong 2013 in which the demand for smartphones and faster broadband services rose.

BC Partners has already recouped its investment in Phones4U after earning a one-off dividend of £200m from the issue of private bonds last year.