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SoftBank invests $1.26bn in wireless distributor Brightstar

2013-10-21 02:00:00| Total Telecom industry news

Deal to help Japan-based mobile operator consolidate handset purchases across its global mobile footprint.

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SoftBank to spend $1.26 billion for majority Brightstar stake

2013-10-18 23:14:49| Wireless - Topix.net

Japan's SoftBank Corp said on Friday it agreed to pay $1.26 billion for a 57 percent stake in privately held cellphone distributor Brightstar Corp as it looks to boost its bargaining power with handset makers.

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SoftBank to take over mobile distributor Brightstar for $1.26 billion

2013-10-18 22:37:53| InfoWorld: Top News

Fresh from its acquisition of Sprint, Japan's SoftBank plans to take control of Brightstar, the dominant distributor of mobile devices in the U.S. and a global player serving more than 200 carriers. SoftBank has reached a definitive agreement to invest $1.26 billion in Brightstar and immediately gain a 57 percent stake in the company. It will have the option later to raise its ownership to 70 percent. The cash transaction, which SoftBank announced on Friday, will be carried out through a U.S. subsidiary.

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SoftBank to spend $1.26 billion for majority Brightstar stake

2013-10-18 22:16:23| Telecom - Topix.net

Japan's SoftBank Corp said on Friday it agreed to pay $1.26 billion for a 57 percent stake in privately held cellphone distributor Brightstar Corp as it looks to boost its bargaining power with handset makers.

Tags: spend majority billion stake

 

Softbank invests JPY 1.26 bln in Brightstar

2013-10-18 20:27:00| Telecompaper Headlines

(Telecompaper) Brightstar has announced a definitive agreement for Softbank to invest JPY 1.26 billion in BrightStar. As part of the transaction, the Buying & Innovation Group, "BIG," a joint venture created to provide savings and efficiencies for Softbank, Sprint and Brightstar, will become a division of Brightstar. Softbank's investment, which values Brightstar at JPY 2.2 billion, including its existing outstanding debt, is the next step in Brightstar's evolution. As a result of the transaction, Brightstar will become the exclusive provider of handsets, accessories and services to certain Softbank telecommunications affiliates. In addition, Brightstar, leveraging certain assets of Softbank telecommunications affiliates, will buy more than JPY 20 billion in handsets, accessories and services. Both companies will leverage Brightstar's local presence in more than 50 countries to commercialise products and services offered by Softbank, its affiliates and its investment companies.

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