Bharti Airtel has sold a majority stake in its telecom manufacturing and distribution unit, Beetel Teletech, to US-based global mobile handsets distribution firm, Brightstar Corporation. The value of the deal was not disclosed. The deal is a part of their definitive agreement, under which they will bring new mobile technologies and services to the Indian market.
Beetel started with making fixed-line handsets for Bharat Sanchar Nigam Limited, Mahanagar Telephone Nigam Limited and Airtel. At present, besides manufacturing, it distributes products of multinational technology companies such as Samsung, Panasonic, Polycom, Avaya, AMX, Extron, RADWIN, Huawei and SanDisk. After Airtel?s deal with Brightstar, Beetel will retain its brand name and all the existing employees and continue operating from its headquarters in Gurgaon.
By acquiring stake in Beetel, Brightstar intends to leverage the former’s distribution channels in India to sell latest mobile devices and accessories from top manufacturers.
