softbank acquires brightstar

All rights reserved. Sign up to get breaking news, reviews, opinion, analysis and more, plus the hottest tech deals! “BCP brings a knowledge of Brightstar and the industry that will allow us to accelerate our strategy of growing device protection, warranty, trade-in, and supply chain solutions. Brightstar Corp was founded in 1997 by Marcelo Claure, who currently serves as SoftBank’s chief operating officer. Brightstar, a subsidiary of SoftBank Group Corp. (“SoftBank”), is the global leader of end-to-end device lifecycle solutions for carriers, retailers, and enterprise, managing mobile devices and accessories across the wireless ecosystem and providing services with a … Please refresh the page and try again. © Its portfolio includes supply chain, logistics, insurance, trade-in and repair services, while it is also a major player in mobile accessories. You will receive a verification email shortly. Please deactivate your ad blocker in order to see our subscription offer, PS5 restock update: here's the next likely order date if the schedule holds, Where to buy PS5: all the latest updates as more restock dates rumored, Samsung Galaxy S21 cameras show up in first real world photo leak, Cyberpunk 2077 at 4K max details is a strain for even the Nvidia RTX 3090, Star Trek: Strange New Worlds: release date, cast and what we know, Cyberpunk 2077 shows why DLSS is pretty much mandatory for 4K next-gen gaming. Brightstar, a subsidiary of SoftBank Group Corp. ("SoftBank"), is the global leader of end-to-end device lifecycle solutions for carriers, retailers, and enterprise, managing mobile devices and accessories across the wireless ecosystem and providing services with a particular emphasis on device protection. Future US, Inc. 11 West 42nd Street, 15th Floor, Brightstar—the global leader of end-to-end device lifecycle management solutions—announced it has acquired Risk Insure, enhancing its device protection service across Australia and New Zealand. Brightstar Corp acquired eSecuritel, an Alpharetta, GA based cell phone insurance service provider, from Mainsail Partners in April, 2011. The company operates in approximately 50 countries. [email protected] 2018 © Brightstar Capital Partners. Headquartered in Miami, Florida, Brightstar is a global leader of end-to-end device lifecycle solutions for carriers, retailers, and enterprise, managing mobile devices and accessories across the wireless ecosystem and providing services with a particular emphasis on device protection. Brightstar was acquired by Softbank back in 2014, partly to support its mobile operators such as Sprint in the US and eponymous Softbank Corp in its home country. Twitter; Facebook; LinkedIn; GooglePlus; Pinterest; Sep 18 2020 02:42 BST. The Vision Fund is a $100 Billion fund established in 2016 and has invested in companies such as Uber, with its stake in Nvidia acquired in 2017 when the … Pursuant to the terms of the transaction, BCP will own a 75% stake, on a fully diluted basis, in a newly formed subsidiary of BCP, which will hold all shares of Brightstar’s parent company, Brightstar Global Group Inc. SoftBank will receive cash proceeds and a 25% stake in the newly formed subsidiary. “This is an exciting day for BCP and Brightstar Corp.,” said Andrew Weinberg, BCP Founder and CEO. In 2018, Claure became SoftBank COO. An affiliate of SoftBank Group Corp. (“SoftBank”), the Company’s prior owner, will retain a minority stake in the Company. Fresh from its acquisition of Sprint, Japan’s SoftBank plans to take control of Brightstar, the dominant distributor of mobile devices in the U.S. and a global player serving more than 200 carriers. 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