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Brightstar Confirms Mobile 20:20 Acquisition

Acquisition

After year long negotiations Distributor Brightstar has complete the acquisition of 20:20 Mobile for an undisclosed fee. 20:20 Mobile currently serves over 3,500 customers with annual turnover of nearly £1bn. The company has rebranded as Brightstar 20:20.

Brightstar president and CEO Marcelo Claure said: “With the strategic acquisition of 20:20 Mobile, Brightstar has a strong position in the European market, one of the most exciting and progressive markets in the world. Bringing the team of 20:20 Mobile into the Brightstar family will allow us to deliver some of the top innovations and services developed for mobility to the operators, retailers and manufacturers that are leading the wireless industry in Europe.”

Brightstar 20:20 now serves more than 200 operators and 50,000 retailers, and has a local presence in more than 50 countries. Jim Michel will serve as managing director of Brightstar 20:20 UK. Prior to joining Brightstar 20:20, he served as managing director of Tech Data Mobile in the UK between October 2011 and July 2013 and previously held senior management positions at Motorola and LG.

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