Mobile phone distributor Brightstar Corp. said it will make a $5 million equity investment in InPhonic Inc., the Washington-based online retailer of wireless products and services.Brightstar will purchase about 2.5% of InPhonic's outstanding shares and acquire the retailer's distribution, inventory and fulfillment assets under...
In the second quarter, Brightpoint Inc., racked up a 55% jump in revenues and doubled its net income over the year-ago quarter, but its stock traded down on the distributor's warning that future earnings could be impacted by customer consolidation in North America. The...
"There are so many channels of distribution in the U.S. market," said Mark Howell, Co-COO Brightpoint Inc., President Americas, the world's largest independent distributor of handsets. Indeed, Howell should know, he oversees the distribution of cellphones from coast to coast, and provides products to...
The mantra of OPM-other people's money-is alive and well in wireless.The latest private-equity investments, announced last week, include New York-based Lindsay Goldberg's $283 million stake in Brightstar Corp., which is expanding its wireless distribution and supply chain operations globally.Separately, Los Angeles-based Platinum Equity is...
The following lists includes venture capital and other investments into wireless companies announced this week.--Brightstar: Lindsay Goldberg, a New York-based investment partnership, invested $283 million in Brightstar Corp. The equity financing makes Lindsay Goldberg the company's largest shareholder behind its founder, Marcelo Claure. Brightstar...
The mantra of OPM-other people's money-is alive and well in wireless.The latest private-equity investments, announced yesterday, include New York-based Lindsay Goldberg's $283 million stake in Brightstar Corp., which is expanding its wireless distribution and supply chain operations globally. Separately, Los Angeles-based Platinum Equity is...
Nokia Corp.'s plans for re-approaching the U.S. market-at least in the enterprise space-will include "complementary" channels the handset vendor will pursue in addition to working with the top domestic carriers, the company announced. The detailed plan comes at a critical time in Nokia's overall...
Brightpoint Inc., the mobile handset distributor that's rapidly becoming "a global powerhouse," according to one analyst, posted solid sales for the first quarter of the year, but earnings and gross margins took a hit. The company said revenue for the quarter was $641.6 million,...
Big-box retail is second only to the network operators' own branded retail stores as the channel of choice among American consumers. Big-box retailers as a distribution channel are rapidly rising in importance among carriers as well. This evolution reflects the growing sophistication of the...
Brightpoint Inc. will acquire Danish cellphone distributor Dangaard Telekom in a deal valued at $300 million, making Brightpoint the largest distributor of handsets serving European and U.S. markets. The transaction is expected to be completed in June or July, according to the companies, and...
Handset distributor Brightpoint Inc. reported increases in both revenues and net income for the fourth quarter and full year 2006, news that helped give a slight boost to the company's stock.Brightpoint reported a 7-percent increase in revenues to $677.2 million for the quarter, up...
Brightpoint Inc. will shell out $88 million in cash to purchase a major piece of crippled competitor CellStar Corp.The Plainfield, Ind.-based logistics and distribution giant announced plans to buy CellStar's 500-employee U.S. operations, including its Miami headquarters, and the bulk of its Latin American...
PLAINFIELD, Ind.-Brightpoint Inc. has agreed to purchase the U.S. and Latin American operations of fellow logistics and distribution company CellStar Corp. "We believe that the proposed transaction will expand our geographic reach, broaden our product offering, and improve our overall efficiency in order to...
NEW YORK-A new report from consulting firm Katzenback Partners L.L.C. says leading wireless carriers must evolve from network operators to managers of complex and diversified businesses as new technologies and competitors enter the market. "Until now, all the carriers have needed to do is...
PLAINFIELD, Ind.—Investors applauded Brightpoint Inc., sending the company’s stock up more than 15 percent, after the mobile phone distributor posted third-quarter profits and revenues that reached record levels. Brightpoint’s revenues were $633.7 million, an increase of 16 percent from revenues of $545 million during...
PLAINFIELD, Ind.—High Tech Computer Corp. has tapped Brightpoint Inc. to serve as the exclusive North American distributor for its Microsoft Corp. Windows Mobile-based GSM devices and accessories. The 9-year-old manufacturer said Brightpoint will distribute HTC’s products to carriers, mobile virtual network operators and retailers...
Motorola Inc. reiterated its concern over a proliferation of counterfeit accessories, particularly Bluetooth headsets, purported to be made by Motorola and reaching consumers in the United States. Motorola warned that the counterfeits are cheap fakes, won't perform as advertised and cannot be serviced by...
PLAINFIELD, Ind.—Brightpoint Inc. inked a deal to sell phones and services from Verizon Wireless to small- and medium-sized businesses. The mobile phone distributor said it will use its network of resellers to offer VZOffice voice and data products as well as Verizon Wireless’ CDMA2000...
PLAINFIELD, Ind.—Wireless device distributor Brightpoint Inc. announced that its subsidiary, Wireless Fulfillment Services LLC, has agreed to buy all of Texas-based Trio Industries Inc.’s outstanding shares. Trio distributes data products from original equipment manufacturers.Brightpoint’s president, J. Mark Howell, pointed out, "TrioTek is a leading...
PLAINFIELD, Ind.-Brightpoint Inc. handled roughly 42 million mobile phones last year and may handle 60 million or more this year. But whatever you do, don't call the company a distributor. "If anything, we are a customized logistics company," Senior Vice President Anurag Gupta protested...
MIAMI-Mobile-phone distributor Brightstar Corp. said it has completed expansion of a $250 million credit facility. PNC Financial Services Group Inc. led syndication of the credit facility; other investors included HSBC, USBank, Fifth Third Bank, Western Bank, CIT and IBM. Brightstar, which claims to serve...
MIAMI—Mobile-phone distributor Brightstar Corp. said it has completed expansion of a $250 million credit facility. PNC Financial Services Group Inc. led syndication of the credit facility; other investors included HSBC, USBank, Fifth Third Bank, Western Bank, CIT and IBM. Brightstar, which claims to serve...
PLAINFIELD, Ind.-Brightpoint Inc. inked a deal to supply wireless devices and accessories to online retailer Newegg Inc. Newegg operates a storefront for manufacturers of consumer electronics, communications equipment and hardware and software. The 5-year-old company claims nearly 6 million registered customers including IT professionals,...
PLAINFIELD, Ind.—Brightpoint Inc. inked a deal to supply wireless devices and accessories to online retailer Newegg Inc. Newegg operates a storefront for manufacturers of consumer electronics, communications equipment and hardware and software. The 5-year-old company claims nearly 6 million registered customers including IT professionals,...
