Brightstar Corporation

Brightstar Corporation
Private
Industry Wireless Telecommunications
Founded 1997
Headquarters Miami, FL
Key people
 Jaymin B. Patel, President and CEO[1]
Products Device and Accessories Distribution, Logistics, Supply Chain, Device Buyback and Trade-in, Handset Protection and Insurance, Multi-channel Retail and Mobile Financing Services, and Mobile Digital Solutions
Revenue More than US$10 billion in net revenue in 2014
Number of employees
 9,000
Website www.brightstar.com

Brightstar Corp., a U.S.-based privately held corporation founded in 1997, distributes mobile phones and other devices, serving more than 200 carriers, 40,000+ retailers, and 15,000+ enterprise customers in more than 100 countries. It provides specialized global wireless distribution and services, serving mobile device manufacturers, wireless operators and retailers.[2] Brightstar offers value-added device and accessories distribution, supply chain, handset protection and insurance, buyback and trade-in and omnichannel retail, and mobile digital products within the wireless telecommunications industry.

Acquisition history

In July 2014, Brightstar Corp. and Bharti Enterprises announced that they entered into an agreement to provide various mobile technologies and services to the Indian market. As part of the agreement, a Brightstar subsidiary acquired a majority interest in Beetel Teletech Limited, a leading company in the distribution and sale of communication and media devices, enterprise and IT products in India.[3]

In February 2014, Brightstar Corp. completed its acquisition of 20:20 Mobile, a leading provider of distribution and integrated supply chain to the European mobile industry. Brightstar acquired facilities in the UK, Spain, Hungary, Portugal, Denmark, Finland, Norway, and Sweden, and provide products and services across 13 European countries.[4]

In October 2013, Japanese SoftBank paid $1.26 billion for a 57% stake in Brightstar. Over the next 5 years, or upon certain events, SoftBank's ownership will accrete to 70%.[5]

Locations

A Brightstar Warehouse in Sweden

The company's headquarters is located in suburban unincorporated Miami-Dade County, Florida in Miami, Florida.[6]

Brightstar has operations centers and/or sales offices in four geographic regions:[7]

  • U.S. & Canada
  • Latin America
  • Asia Pacific
  • Europe, the Middle East and Africa (EMEA)

Subsidiaries

Leadership team

  • Ronald Fisher, chairman[8]
  • Jaymin B. Patel, president and CEO [9]
  • Reza Taleghani, EVP & CFO
  • Catherine Smith, chief administrative and legal officer
  • Alok Sama, CFO, Softbank Group
  • Kazuhiko Fujihara, director, EVP and CFO, SoftBank Corp.

References

  1. ↑ http://www.brightstar.com/media/press-releases/brightstar-names-jaymin-b-patel-as-president-and-chief-executive-officer/
  2. ↑ "About Brightstar - Brightstar Corporation Web Page". Archived from the original on 2012-11-01.
  3. ↑ "Brightstar and Bharti Group Partner To Bring Latest Mobile Technologies To Indian Marketplace".
  4. ↑ "Brightstar Expands Global Presence With Acquisition of 20:20 Mobile Group in".
  5. ↑ "SoftBank Invests 1.26-billion for a 57 Share of Brightstar Corp". Archived from the original on 2013-10-22.
  6. ↑ "Contact Us Archived December 28, 2009, at the Wayback Machine.." Brightstar Corporation. Retrieved on January 9, 2010.
  7. ↑ "Brightstar Corporate Press Kit" (PDF). Brightstar Corp. Archived from the original (PDF) on 2012-10-04.
  8. ↑ "Brightstar Announces Changes to Board of Directors".
  9. ↑ "Brightstar Names Jaymin B. Patel as President and Chief Executive Officer".


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