Brightpoint Expands Into Zimbabwe
INDIANAPOLIS--(BUSINESS WIRE)--May 10, 1999--Brightpoint, Inc. (NASDAQ:CELL - news) announced it has commenced operations in Zimbabwe under an agreement with a division of Post and Telecommunications Corporation (PTC), based in Harare, Zimbabwe. The division, Net*One, is authorized to install, operate and maintain a cellular telephony network in Zimbabwe.
Brightpoint Zimbabwe will provide various services necessary to support a prepaid wireless communications system for Net*One. Brightpoint Zimbabwe (Pvt) Ltd. is a joint venture comprised of local equity partners, 45%, while the remainder of the equity is held by Brightpoint EMA, a division of Brightpoint, Inc.
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 www.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-K), which statements are incorporated into this news release by reference.
Note to Editors: In the division ''Net*One'', there should be an asterisk between ''Net'' and ''One''. The asterisk may not appear properly in some systems.
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Contact:
Brightpoint, Inc., Indianapolis, Indiana
Phillip A. Bounsall, 317/297-6100 |
