Brightpoint Establishes Operations in India and Expands Relationship with Nokia
Thursday July 10, 9:28 am ET
biz.yahoo.com
INDIANAPOLIS--(BUSINESS WIRE)--July 10, 2003--Brightpoint, Inc. (NASDAQ:CELL) announced today that its subsidiary, Brightpoint India Private Limited ("Brightpoint India"), has commenced operations in India. Brightpoint India will offer distribution and outsourced services to wireless equipment manufacturers, network operators and retailers. Wireless industry veteran Mr. Max Hagemann has been appointed as the Chief Executive Officer of Brightpoint India. Mr. Hagemann has worked with industry leading companies such as Hutchison Telecom, Hutchison 3G, Millicom International Cellular and Vivendi Telecom.
Brightpoint India has signed an agreement with Nokia India Private Limited, a subsidiary of Nokia Corporation, to distribute Nokia CDMA mobile phones in India. The initial handset being distributed by Brightpoint India is the Nokia 2280 which utilizes a Nokia-designed cdma2000 1X chipset and is an affordable and localized product for Indian consumers.
"We are pleased to announce the commencement of operations in India and the distribution agreement with Nokia in one of the world's fastest growing markets for CDMA handsets," stated Max Hagemann, Brightpoint India's Chief Executive Officer.
"Establishing operations in India and expanding Brightpoint's relationship with Nokia is consistent with the Company's overall strategy for growth and increasing shareholder value," stated Robert J. Laikin, the Company's Chief Executive Officer. "We look forward to providing quality services that will give manufacturers, network operators and retailers the opportunity to meet the needs of one of the fastest growing markets for mobile phones in the world."
Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed broadband and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges. |
