Brightstar Corporation

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Brightstar Corporation
Type Private
Industry Wireless Telecommunications
Founded 1997
Headquarters Miami, Florida, US
Key people Marcelo Claure, CEO
[1]
Products Distribution, Logistic, Supply Chain, Device Buy-back and Trade-in, Handset Protection and Insurance, Multi-channel Retail and Mobile Financing Services
Revenue $10.6 billion in gross revenue in 2013 USD
Employees 5,000
Website www.brightstar.com

Brightstar Corp., a U.S.-based privately held corporation founded in 1997, distributes mobile phones and other devices, serving more than 200 carriers in more than 50 countries.[1] It provides specialized global wireless distribution and services, serving mobile device manufacturers, wireless operators and retailers,[2] including global distribution for Motorola, BlackBerry, Apple, HTC, LG and Samsung.[3] Brightstar offers customized solutions including: value added distribution, supply chain solutions, handset protection and insurance, buy-back and trade-in solutions and multi-channel retail solutions within the wireless telecommunications industry.

Acquisition by SoftBank[edit]

In October 2013, Japanese SoftBank paid $1.26 billion for a 57% stake in Brightstar, valuing the entire company at $2.2 billion and leaving founder Marcelo Claure with a 42.1% stake.[4] Over the next 5 years, or upon certain events, SoftBank's ownership will accrete to 70%.[5]

In February 2014, Brightstar Corp. completed its acquisition of 20:20 Mobile, a leading provider of distribution and integrated supply chain solutions to the European mobile industry. Brightstar acquired facilities in the UK, Spain, Hungary, Portugal, Denmark, Finland, Norway, and Sweden, and provide products and services across 13 European countries. [6]

Locations[edit]

The company's headquarters is located in suburban unincorporated Miami-Dade County, Florida in Miami, Florida.[7]

Brightstar has operations centers and/or sales offices in four geographic regions:[8]

  • U.S. & Canada
  • Latin America
  • Asia Pacific, Middle East and Africa (APAC/MEA)
  • Europe

Subsidiaries[edit]

Mobile Handset and Insurance Programs
Multi-channel Retail Solutions (formally known as LetsTalk, Inc.)
Buy-back and Trade-in Solutions

As of August 27, 2012, LetsTalk.com Inc. operates as a subsidiary of Brightstar Corp.[9]

Leadership Team[edit]

  • R. Marcelo Claure, founder, Chairman and Chief Executive Officer
  • Catherine Smith, Chief Administrative & Legal Officer
  • Arturo Osorio, President, Global Operations
  • Javier Villamizar, President, Global Distribution
  • Rafael M. de Guzman III, Vice President of Strategy and Director


References[edit]

External links[edit]