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Brightstar Corp, a US-based distributor of mobile devices, has acquired a majority stake in India’s Bharti Group company Beetel Teletech. The financial details of the acquisition, which was made by a Brightstar subsidiary, were not disclosed.
Following the acquisition, Beetel will retain its name and all the existing employees and continue operating from its headquarters in Gurgaon, India. Beetel Teletech is a company into distribution and sale of communication and media devices, enterprise solutions and IT products in India.
“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,” Mittal added.
Founded in 1985, Beetel manufactures fixed-line telephones for Airtel, BSNL, MTNL,, apart from exporting them to more than 30 countries across five continents.
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