New Delhi: A subsidiary of US-based Brightstar Corp. has acquired a majority stake in Beetel Teletech Ltd, a unit of the Mittal family-run Bharti Enterprises and the Indian market leader in manufacturing and distribution of fixed-line telephones, the companies said on Tuesday.

Brightstar and Bharti didn’t disclose details of the transactions such as the value of the deal or the size of the stake.

With revenue of $7 billion, Brightstar is one the world’s largest telecom device distributors, with operations in more than 50 countries.

The deal gives Brightstar access to India, the second biggest communications market in the world.

Beetel has a B2B distribution reach of 500 distributors and partners, 10,000 retailers and 28 warehouses across India, making it one of the biggest in the country for telecom devices.

Beetel is also the country’s biggest manufacturer of fixed line devices and one of the first companies started by the Sunil Mittal family in 1985.

“The smartphone market in the country recorded triple-digit growth in 2013 and offers a huge opportunity going forward" said Rakesh Bharti Mittal, vice-chairman of Bharti Enterprises, in the statement. “The new mobile businesses and related technologies that Brightstar is bringing to Beetel will help drive significant growth by leveraging our deep distribution strength."

Beetel also distributes and markets a range of technology brands including Samsung, Panasonic, Polycom, Avaya, AMX, Extron, RADWIN, Huawei and SanDisk. Beetel will retain its name and all the existing employees and continue operating from its headquarters in Gurgaon, India, the statement from the companies said.

Japanese communications services provider Softbank Corp. is the largest shareholder in Brightstar with a stake of around 57%. Softbank also has a joint venture with Bharti, for its application development company Bharti Softbank (BSB), in which Mittal’s son Kavin Mittal, heads the strategy and new products division.

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