● Asterisk X100P FXO ● Helicomm ZigBee Platform ● Home WiFi Networks ● IEEE 802.11 ● New Taiwan Hwa Yao Tek ● NexTone Rental ● RF Linx WLAN Radios ● VoIP PSTN Gateway ● Wi-Fi ● WiMAX ● Wireless ● Wireless security ● WirelessGRID Bridges ● z Links ● Zigbee / IEEE802.15.4

Brightpoint Buys U.K. Wireless Business

Navigation: Main page

Author: WildC@rd

Brightpoint’s wholly-owned subsidiary, Brightpoint Great Britain Limited, has purchased the wireless distribution business of Hugh Symons Group Ltd. for $586,000 and the value of inventory at date of closing. Brightpoint also agreed to certain contingent cash earn-out payments based on specific operating performance metrics which may be paid out over the next three years and not exceed $7.2 million. Hugh Roper, managing director and sole shareholder of Hugh Symons Group, and other key members of the U.K. company’s wireless distribution business will remain with Brightpoint Great Britain Ltd. and will continue to be involved in the management and operation of the business. According to Steen Pedersen, president for Brightpoint Europe, the company has been looking for the right opportunity to enter the U.K. market, and the Hugh Symons Group Ltd.’s efforts in developing the smartphone market in U.K.made it a fit for Brightpoint’s growth strategy. The Plainview, Ind.-based company has been busy this month. Besides today’s news, the company announced a logistics agreement with Xohm, Sprint’s WiMAX unit; it agreed to distribute Garmin products in India; and it signed a distribution agreement with ZTE USA. Brightpoint's services include distribution, channel development, fulfillment, product customization, e-Business solutions and other outsourced services. Brightpoint currently has about 3,300 employees in more than 25 countries.
Alpha Telecom

iPhone to "muddle the handset market"
Apple's much-rumoured iPhone could shake up the mobile handset market next year - if it is actually ...

Cisco buys Meetinghouse for $43.7m
Cisco Systems is to buy Meetinghouse Data Communications for $43.7m in cash and stock in a bid to bo...

How Broadband Changed The World
Let’s go back in a time capsule – back to 1993. Imagine if in 1993 if someone told you t...