INDIANAPOLIS-Brightpoint Inc. announced it has entered an agreement to sell all interests in Brightpoint Middle East FZE and Brightpoint Jordan Ltd. to Persequor Ltd., which is controlled by Jac Currie, managing director of Brightpoint’s operations in the Middle East, and members of his management team.
“The agreement with Persequor creates a win-win transaction that will allow us to focus on our core goals,” said Robert Laikin, chairman and chief executive officer of Brightpoint. “Jac and his team are well positioned to capitalize on the opportunities in the Middle East and Africa in the wireless telecommunications and data industry.”
The company said the closing of the transaction, still subject to certain conditions and approvals, should be completed in the third quarter 2002.
