INDIANAPOLIS, United States-Brightpoint said it has completed the sale of certain operating assets of Brightpoint Mexico to Soluciones Inteligentes para el Mercado Mobile, which is wholly owned and operated by Brightstar.
Brightpoint received cash considerations totaling US$1.7 million and a promissory note for US$1.1 million that matures this December.
Brightpoint said it will record a fourth-quarter loss between US$4.5 million and US$5 million relating to the sale. The company plans to liquidate remaining assets and liabilities of its Mexican operations during the fourth quarter.
