Brightstar Corp., the global leader of end-to-end device lifecycle management solutions, has announced it will sell its 51% stake in Brightstar India to an investment firm of a UK based Family Office.
Brightstar is exiting the region as part of its transformation strategy, allowing it to focus on core geographies and streamline operations to better serve its customers across all service areas, the statement said.
Brightstar India, formerly Beetel Teletech Ltd., a joint venture with Bharti Enterprises, is a leading provider of premium enterprise, networking, and lifestyle solutions in the information, communication, and technology domains.
Commenting on the deal, Rod Millar, CEO, Brightstar, said: “This transaction is a key milestone in our transformation strategy. We will continue to evaluate other non-core businesses for strategic alternatives as we focus on key geographies, enhance the customer experience and redefine the device protection landscape. We are grateful for the strong partnership we have enjoyed with Bharti in India.”
“We are thankful for the ability to work with Brightstar over the last five years and look forward to building on that success as we continue to grow the company into the future,” said Sanjeev Chhabra, Managing Director, Brightstar India.
Brightstar Corp. works with carrier, retail and enterprise customers in approximately 50 countries, touching every stage of a device’s lifecycle, from when it’s manufactured to the moment it’s time to trade it in and re-market it.
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