CARROLLTON, Texas-CellStar Corp. said it agreed to provide a variety of value-added services to Telerj Celular S.A. and Telest Celular S.A., two wireless operators in the Brazilian states of Rio de Janiero and Espirito Santo. CellStar sells wireless handsets in bulk to the carriers.
CellStar said by more efficiently delivering handsets to retail points of sale, Telerj and Telest can focus entirely on expanding their market share. “CellStar also gains more control over its costs,” said Timothy L. Maretti, senior vice president for CellStar. “Brazil is one of our most dynamic growth markets, but financing our operations there is very costly. This approach reduces our incremental working capital requirements, consequently helping control interest costs.”
