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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.
Tags: wireless
distributor
softbank
invests
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.
Tags: spend
majority
billion
stake
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.
Tags: mobile
billion
distributor
softbank
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.
Tags: softbank
invests
bln
brightstar