INDIANAPOLIS-Brightpoint Inc. announced the completion of the sale of interests in Brightpoint Middle East FZE, its subsidiary Fono Distribution Services L.L.C. and Brightpoint Jordan Ltd. to Persequor Ltd., a company owned by Jac Currie, former managing director of Brightpoint’s operations in the Middle East.
Subscribe now to get the daily newsletter from RCR Wireless News
In the sale, Brightpoint received two subordinated promissory notes from Persequor with face values totaling $4.2 million that mature in 2004 and 2006. Meanwhile, the company said it is expecting a loss ranging from $1.75 million to $2.25 million relating to the sale.
