The board of directors of telephony and mobility specialist Brightstar has named Jaymin B. Patel as president and CEO. Patel becomes the second CEO in Brightstar's 17-year history as he succeeds Marcelo Claure, now president and CEO of Sprint. Patel, 47, joins Brightstar with more than 26 years of experience driving profitable growth and strategic transformation at leading global enterprises. Jaymin comes to Brightstar from GTECH, the largest lottery and gaming company in the regulated gaming industry, providing technology and services to customers in approximately 100 countries. He most recently served as president and CEO of GTECH Americas, overseeing operations in North America and Latin America. While at GTECH, Patel also served in a variety of global leadership roles, including Chief Financial Officer of GTECH Holdings Corporation as a NYSE listed company, and Chief Operating Officer and President and CEO of GTECH’s global lottery, interactive and gaming businesses. Patel has also served on the board of directors of GTECH SpA since 2007. Patel's global experience, which includes establishing and operating businesses in approximately 60 markets around the world; leading more than a dozen merger and acquisition transactions; and substantial cross-border capital markets experience complements Brightstar's on-going global growth strategies. Brightstar has completed four strategic acquisitions spanning Asia, Europe and North America over the past year-and-a-half. Additionally, Brightstar's device distribution services continue to be the largest in the world with operations in more than 100 countries, and now, Brightstar is also one of the largest distributors of mobile device accessories in the world. Patel has successfully led publicly-traded organizations in the adoption of new products and services, enabling the companies to stay ahead of the curve in a rapidly evolving industry. This experience is similar to Brightstar, which started with a distribution focus and evolved to also offer a global platform of scalable solutions. Brightstar's Buyback & Trade-in programs are now in more than 25 countries, and its Supply Chain, Financial, Device Insurance & Protection, Omnichannel and Mobile Digital Solutions continue expanding into new international markets. Patel will transition to his new role by March 30 and join the board of directors made up of highly experienced Brightstar and SoftBank executives. Arturo Osorio, who led Brightstar in the interim as President and Chief Operating Officer following the departure of Claure in August 2014, has stepped down from the board. In the EMEA region, Brightstar owns offices in Denmark, Finland, Germany, India, Lithuania, Nigeria, Norway, Portugal, Russia, South Africa, Spain, Sweden, Turkey, the United Arab Emirates and the United Kingdom.
Brightstar 20:20 reviews its positions
Following the acquisition of telephony specialist 20:20 by its American competitor Brightstar, the new entity has reviewed its coverage of the EMEA market. Offices have been closed or local salesmen laid off in Hungary, the Netherlands, Poland and Romania. The name 20:20 has been dropped in Scandinavia and Baltics region (Denmark, Finland, Lithuania, Norway and Sweden), in favour of Brightstar. Currently, only offices in Portugal, Spain and the United Kingdom continue to bear the Brightstar 20:20 name.
LG appoints 20:20
Brightstar to acquire 20:20
Less than one year after having sold to Tech Data its shares in Brightstar Europe, the American telephony specialist is close to come back in Europe, through the acquisition of the British giant 20:20 Mobile. The seller would be the private equity firm Doughty Hanson, which is the biggest shareholder in 20:20 after the acquisition back in 2006 of the shares of John Caudwell. 20:20 is currently present in Denmark, Dubai, Germany, Italy, the Netherlands, Norway, Spain, Sweden, Turkey and the United Kingdom: most countries where Brightstar will be in competition with its former subsidiary.
CEVA Logistics, a supply chain management company, and mobile telephony specialist 20:20 Mobile Group has announced a strategic business partnership. The partnership across Europe (through 20:20 offices in Denmark, Germany, Ireland, Italy, the Netherlands, Norway, Spain, Sweden, Turkey and the United Kingdom) will allow both parties to broaden their service portfolio with a true end-to-end offering for telecoms companies. Through the combination of CEVA's logistics expertise in this sector and 20:20 Mobile's value added services and ability to manage product title and risk, the partnership will provide Mobile (Virtual) Network Operators with solutions that enhance the effectiveness of their supply chains. This alliance means telecoms companies can reduce the working capital demands of carrying handset inventory, while retaining control of range planning and purchasing, and can achieve improved levels of customer service through better product availability and more efficient forward logistics and returns processes. CEVA and 20:20 Mobile will jointly provide a range of services including mobile device and accessory inventory management, retail store replenishment, order fulfillment, online sales solutions, recycling programs and product returns management.
Brightstar (DK) A/S
Brightstar (DK) A/S
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