Brightpoint Signs Agreement With TESS S.A.
INDIANAPOLIS--(BUSINESS WIRE)--March 25, 1999--Brightpoint, Inc. (Nasdaq:CELL - news) announced today that it has entered into an agreement for distribution of mobile phone prepaid cards with TESS S.A. (''Tess''). Tess holds the B-band mobile communication license in Brazil within area 2, which includes interior and coast of the state of Sao Paulo, excluding the capital city of Sao Paulo.
With headquarters in Campinas, Brazil, Tess is a consortium of many shareholders, including Telia Overseas, Eriline Celular and Algar/Lightel. Tess commenced commercial operations of its cellular service in December, 1998. At launch, Tess' coverage area included approximately 37 cities and approximately 3 million people. Tess utilizes TDMA technology operating on infrastructure manufactured by Telefon AB LM Ericsson (Nasdaq:ERICY - news). Tess currently has in excess of 400 employees and expects to complete the build out of its wireless communications system by April, 2000.
Brightpoint, Inc. is a leading provider of innovative services to network operators and equipment manufacturers in the global wireless telecommunications industry. Brightpoint strives to enhance the success of its customers through the specialized and focused provision of efficient and effective solutions for their mission critical business requirements. The Company's innovative services include inventory management, prepaid solutions, custom packaging and other outsourced services. Additional information about the Company can be found on its website at brightpoint.com or by calling its toll-free Investor Relations Information line at 877-IIR-CELL (877-447-2355).
''Forward-looking statements'' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. A variety of factors could cause the Company's actual results to differ from the reported results expressed in such forward-looking statements. Investors are referred to the Company's Cautionary Statements (Exhibit 99 to the Company's most recent Form 10-Q), which statements are incorporated into this news release by reference.
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Contact:
Brightpoint, Inc., Indianapolis, Indiana
Phillip A. Bounsall, 317/297-6100 |
