HOME > BUSINESS > Global distributor Brightstar acquires majority in Bharti’s Beetel Tele

Global distributor Brightstar acquires majority in Bharti’s Beetel Tele

Global corporation Brightstar has acquired a majority interest in Beetel Teletech Ltd, part of the Bharti group.

The aim is to bring latest mobile technologies and services to the Indian market, the companies said.

Beetel is a maker of land phones and other telecom equipment, and offers communication services.

beetel

“As the largest specialized wireless distributor in the world and a leader in innovation and diversified services for the wireless industry, Brightstar will bring the latest mobile devices and accessories from top manufacturers for distribution through Beetel’s well-established distribution platform throughout India,” the companies said.

“The Indian mobile market is entering the next phase of growth, which will be driven by data services on 3G and 4G technologies. The smartphone market in the country recorded triple-digit growth in 2013 and offers a huge opportunity going forward” said Rakesh Bharti Mittal, Vice Chairman, Bharti Enterprises. “The new mobile businesses and related technologies that Brightstar is bringing to Beetel will help drive significant growth by leveraging our deep distribution strength.”

Founded in 1985, Beetel is part of the Bharti Group and is a market leader in the manufacturing of high quality fixed line telephones for Airtel, BSNL / MTNL as well as the retail market and exports to more than 30 countries across five continents. The company also distributes and markets a wide range of leading technology brands such as Samsung, Panasonic, Polycom, Avaya, AMX, Extron, RADWIN, Huawei and SanDisk. Beetel has a strong B2B distribution reach in India with more than 500 distributors and partners, 10,000 retailers and 28 warehouses spanning across the country.

“India represents a tremendous growth opportunity for both devices and attached services as consumers continue to upgrade from feature to smartphones in record numbers,” said Marcelo Claure, founder and CEO of Brightstar Corp. “Beetel is a recognized leader in technology distribution in India, and we look forward to enhancing the company’s strong position to bring the latest mobile technologies and services to the marketplace.”

Beetel will retain its name and all the existing employees and continue operating from its headquarters in Gurgaon, India.

Follow ULTRA.news
PREMIUM NO MORE? Idea Cellular matches Reliance Jio’s 399 plan Hit by a loss of subscribers, Idea Cellular seems to be having second thoughts about its strategy of always pricing its packs above those of Reliance Jio.Idea offerThe mobile operator has now slashed the price of its 70-day unlimited pack to Rs 398 from Rs 448 earlier fo...
RCom lenders get first round of bids for spectrum, fiber and assets – report The lenders of Reliance Communications have got initial bids for the company's assets from the three big telecom companies in India, CNBC TV18 reported, quoting banking sources.The Anil Ambani Group company is under the control of its lenders after it ran aground due to high...
Airtel’s new 4G pack is 30% cheaper than Reliance Jio Bharti Airtel has unveiled two new publicly available 4G plans with 2 GB and 3 GB of data allocation per day, along with free voice and SMS benefits.These plans are unique as currently no other operator offers 2GB or 3G per day at these price levels.Airtel has priced its ...
Bharti Airtel offers cashback on Intex 2GB RAM models, others Continuing with its tie-ups with hardware brands, Bharti Airtel announced three more 'cash back' models from Intex, including one with 2GB of RAM.The cheapest will be the Intex Aqua LIONS N1, priced at Rs 3,149 and eligible for for a cash back of Rs 1,500 over a period of th...
Eris Lifesciences completes acquisition of Strides Shasun India generics ops Pharma company Eris LifeSciences said it has completed its purchase of the India branded generics of Strides Shasun for Rs 500 cr in cash."We now wish to confirm that the transaction ahs achieved closure," said Eris Lifesciences.Last month, Strides Shasun said it was sel...
Bharti Airtel invests in e-publishing platform Juggernaut Bharti Airtel said it has acquired a strategic stake in Juggernaut Books, a popular digital epublishing platform.Telecom companies in India are busy building or buying content companies in an effort to offer their own content on their networks."The investment is in line ...
Bharti Airtel denies violating Aadhaar norms Bharti Airtel today said it has not violated any norms set down by the UID Authority of India for the use of Aadhaar verification.Responding to a notice from the stock exchanges, the company confirmed having received notices from the UID Authority on alleged violations of no...
Will Reliance Jio launch Rs 199 plan with 1 GB per day for 28 days? A new plan being bundled with Xiaomi's new affordable plan, Redmi 5A, suggests that Reliance Jio could soon launch its first monthly unlimited plan priced at Rs 199.The plan, valid for four weeks, will give 1 GB of data per day, unlimited voice and access to Jio apps.The...
Exchanges seek clarification from Bharti Airtel on Aadhaar misuse charges Stock exchanges in India have sought a clarification from India's largest telecom company by revenue, Bharti Airtel, on a report that it was under investigation by a government agency for allegedly misusing customer data to open bank accounts in their names."(The) exchange ha...
Airtel launches VoLTE in Karnataka Bharti Airtel continued to expand its lead over Vodafone and Idea in terms of supporting 4G voice services by launching VoLTE or Voice over LTE services in Karnataka.The prices for VoLTE calls will remain identical to those of traditional calls.However, customers who us...
Tata DoCoMo users get Airtel network, but not the tariff plans yet Bharti Airtel and Tata Teleservices said they have started moving customers of Tata DoCoMo to the Bharti Airtel network using what is called an 'intra-circle roaming' or ICR agreement.This essentially means that Tata Teleservices will continue to operate a network in a techn...
Reliance Jio arrests trend of declining net additions; user activity increases Reliance Jio, India's newest operator, added 5.94 mln subscribers in September, breaking a declining trend in net additions and taking the total subscriber number to 138.62 mln (13.86 cr).Even as the company increased its subscriber numbers, it was also able to reduce the p...
Strides Shasun says Eris deal to help reprioritize business, lower debt Pharma major Strides Shasun said it agreed to sell its India branded generics business to Eris LifeSciences Limited for Rs 500 cr in cash."This transaction is the outcome of the company's portfolio reprioritization, to focus more sharply on larger regulated markets," it said...
PVR acquires stake in US luxury theater chain iPic PVR Limited, India's largest theater chain, said it agreed to acquire a minority stake in US-based luxury restaurant-and-theater company iPic-Gold Class Entertainment, LLC.The US company operates 16 luxury theaters with 121 screens across 10 States in the United States, PVR s...
SSG Capital increases stake in Cox & Kings group Cox and Kings said Private Equity firm SSG Capital acquired the 34.42% stake held by Rohatyn Group in its subsidiary Prometheon Holdings (UK) Limited. SSG Capital Group also owns 2.72% stake in Cox & Kings Ltd.Prometheon Holdings is the Holding company of Holidaybreak, which...
As Jio reality sinks, Idea abandons ‘limited aggression’ strategy Idea Cellular has abandoned its earlier strategy of 'limited aggression' in dealing with the threat from Reliance Jio and Bharti Airtel, and will be more visible in its counter strikes from now, said CEO Himanshu Kapania."From end October, Idea has shifted its earlier stand ...
Bharti Airtel raises Rs 3,325 cr by selling shares in Infratel Bharti Airtel said it raised Rs 3,325 crore (USD 510 Million) by selling shares in its tower subsidiary.It sold 83 mln shares at Rs 400.60 each. The price was at a discount of 3.6% to the previous day’s closing level.Shares of Infratel opened down by about 4% today due ...
Tata Teleservices loses 7.3% subscribers in October in Maharashtra Tata Teleservices, the mobile telecom arm of the Tata Group that was sold to Bharti Airtel last month, lost about 7.3% of its nearly 7 mln mobile subscribers in Maharashtra and Goa, according to a regulatory filing by the company.Tata Telservices Maharashtra Ltd, as the compa...
American Tower Corp buys towers of Idea and Vodafone in India for $1.2 bln Vodafone India and IdeaCellular Ltd said they agreed to sell their standalone tower businesses in India to the local unit of American Tower Corp for an aggregate enterprise value of Rs 7,850 cr (US $1.2 billion).In case the sale is completed before the merger of Vodafone Ind...
Just Dial says no acquisition proposal from Google ‘yet’ Just Dial, the local classifieds company, said it "does meet relevant corporates for exploring any business or strategic opportunities and tie-ups", but there is no proposal to be acquired by Google "as of now".The statement came in response to a report in the Business Stand...