Bharti Enterprises has entered into a definitive agreement with US-based mobile technology corporation, Brightstar. The agreement agrees upon bringing latest mobile technologies and services to the Indian market.
Brighstar has acquired major stake in the Bharti's Beetel Teletech which leads in distribution and sale of communication and media devices, enterprise solutions and IT products in India. Hence, it is through Beetel's well-established channels that Brighstar is expected to bring from top manufacturers and distribute latest mobile technologies.
"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. The new mobile businesses and related technologies that Brightstar is bringing to Beetel will help drive significant growth by leveraging our deep distribution strength," said Rakesh Bharti Mittal, VC, Bharti Enterprises.
On the occasion Marcelo Claure, founder and CEO, Brightstar said, "India represents a tremendous growth opportunity for both devices and attached services as consumers continue to upgrade from feature to smartphones in record numbers. Beetel is a recognized leader in technology distribution in India, and we look forward to enhancing the company's strong position".
The good part is Beetel will still be known as Beetel and will retain the existing employees and continue operating from its headquarters in Gurgaon, India.
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