Redington (India) subsidiary to acquire Brightstar Turkey for $29m

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Redington (India) Limited, a solution provider, said that its -based step-down subsidiary has agreed to acquire Brightstar Telekomünikasyon Dağıtım (Brightstar Turkey) for $29 million in cash.

is engaged in the value-added distribution of major brands of smartphones, consumer electronics, devices, and accessories to telecom operators.

For the calendar year 2020, had a turnover of $342 million.

The acquisition by is subject to regulatory approvals such as the Turkish Competition Board and the meeting of certain mutually agreed conditions. It is expected to close by the end of this month.

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