Ouvrir le menu
Publier un document
Alternate Text
clear
fr
Ouvrir le menu
Brightstar Corporation Announces Agreement To Divest Its 50% Interest In Its European Joint Venture To Tech Data Corporation
2 pages
English

Brightstar Corporation Announces Agreement To Divest Its 50% Interest In Its European Joint Venture To Tech Data Corporation

Le téléchargement nécessite un accès à la bibliothèque YouScribe
Tout savoir sur nos offres
2 pages
English
Le téléchargement nécessite un accès à la bibliothèque YouScribe
Tout savoir sur nos offres

Description

Brightstar Corporation Announces Agreement To Divest Its 50% Interest In Its European Joint Venture To Tech Data Corporation PR Newswire MIAMI, July 11, 2012 - Brightstar Corp will continue its European operations under a wholly-owned subsidiary MIAMI, July 11, 2012 /PRNewswire/ -- Brightstar Corporation, the

Informations

Publié par
Nombre de lectures 21
Langue English

Extrait

Brightstar Corporation Announces Agreement
To Divest Its 50% Interest In Its European Joint
Venture To Tech Data Corporation
PR Newswire
MIAMI, July 11, 2012
- Brightstar Corp will continue its European operations under a wholly-owned
subsidiary
MIAMI
,
July 11, 2012
/PRNewswire/ -- Brightstar Corporation, the world's largest
specialized wireless distribution and services company, has reached an
agreement to sell its 50 percent ownership interest in Brightstar Europe Limited
(BEL) to Tech Data Corporation (Nasdaq: TECD). Under the terms of the
agreement, Tech Data will pay Brightstar approximately
$165.6 million
in cash.
Brightstar will use the proceeds from the transaction for investment, expansion,
and general corporate purposes. As a result of this transaction, Brightstar
Corporation's book value will increase by approximately
US$92 million
to
approximately
US$675 million
on a pro-forma basis as of
March 31, 2012
.
"Tech Data has been a great partner, and in just five years, we have jointly
grown BEL from a startup to a leader in the European mobility distribution
industry," said R. Marcelo Claure, Brightstar's Chairman and CEO. "We are now
looking forward to operating in
Europe
under a Brightstar Corp fully-owned
subsidiary and making our broad suite of services, including distribution,
available to customers across
Europe
."
As part of the agreement, BEL's handset protection & insurance and buy-back
& trade-in customers will be transferred to, and serviced, by Brightstar. The
agreement also provides the opportunity for certain employees at BEL to join
Brightstar's European operations in order to continue servicing the handset
protection & insurance and buy-back & trade-in customers. In addition, Tech
Data will work closely with Brightstar to service certain Brightstar customers in
Europe
, and both Brightstar and Tech Data remain committed to TDMobility, a
50/50 joint venture in the U.S.
Brightstar will now focus on growing its European business and geographic
footprint through organic growth and strategic acquisitions. Brightstar will
continue to offer customers across
Europe
its portfolio of industry leading
services including: value-added distribution, supply chain optimization, multi-
channel retail services, and the abovementioned handset protection &
insurance and buy-back & trade-in solutions.
About Brightstar Corporation
Brightstar Corp is the world's largest specialized wireless distribution and
services company with annual revenues exceeding
US$5.7 billion
for the period
ending
March 31, 2012
, revenues surpassing
US$1.3 billion
for the quarter
ending
March 31, 2012
, and total assets exceeding
US$2.8 billion
. With a local
presence on 6 continents, Brightstar's 43,000 customers include many of the
world's leading manufacturers, operators, and retailers. Brightstar's industry
leading services portfolio includes value-added distribution, supply chain
optimization, handset protection & insurance and buy-back & trade-in, and
multi-channel retail services.
In 2011, Brightstar acquired eSecuritel, a leader in handset insurance as well as
Flipswap Services, a leader in buy-back and trade-in solutions.
  • Univers Univers
  • Ebooks Ebooks
  • Livres audio Livres audio
  • Presse Presse
  • Podcasts Podcasts
  • BD BD
  • Documents Documents
Signaler un problème
playstore
appstore
facebook twitter instagram youtube

YouScribe

Le catalogue

Le service

Les conditions

© 2010-2024 YouScribe
Livre audio en ligne - Développement personnel Livre en ligne Tout le catalogue Tous les Intérêts