Mitsui & Co., Ltd. (Mitsui) announced today that
it has made a US$30 Million investment in Brightstar Logistics Pte. Ltd.(the
Company), a Singapore company wholly-owned by Brightstar Corp. (Brightstar),
the worldwide leading wireless device distribution and supply chain solutions
company, serving manufacturers, operators and retailers.
The Company has been conducting operations in Southeast Asia
as regional headquarters for Brightstar. After this transaction, Mitsui
will consolidate the Company's accounts with its own, using the equity method.
The Company will provide services including strategic product sourcing, customization,
fulfillment, inventory management, point of sale and retail management. Operational
territory of the Company includes Singapore, Philippines and Malaysia, with
plans to expand into Vietnam, Thailand and others in the coming months.
Mitsui and Brightstar have been jointly evaluating opportunities
in the fast-growing market since Mitsui's first investment in Brightstar in
August, 2004. As the first result of this joint evaluation, Mitsui invested
in Brightstar Logistics Pty. Ltd., a subsidiary of Brightstar, incorporated
in Australia, in November, 2005. Later, in June, 2006, Mitsui made an additional
US$ 50 million investment in Brightstar to strengthen the relationship between
Brightstar and Mitsui and enhance joint business development.
Mitsui considers Brightstar a strategic partner which has expertise
in mobile related outsourcing business. Mitsui seeks to further expand the business
in the Asia-Pacific market by strengthening its business collaboration and strategic
alliance with Brightstar.
Outline of Brightstar Corp.
|Name of the Company
|President & C.E.O
Address of Headquarter
2010 N.W. 84th Avenue Miami, Florida 33122
||The worldwide leading wireless distribution and supply
chain solution company
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