Bharti Airtel has offloaded majority stake in its telecom manufacturing and distribution arm --Beetel Teletech -- to US-based global distribution firm Brightstar for an undisclosed sum. However, both the companies, Airtel and Brightstar, did not disclose actual stake transacted in Beetel.
Beetel started with making fixed lines phones for telecom public sector unit BSNL, MTNL and Airtel. The company diversified into distribution business later. At present, besides manufacturing, it distributes products of multinational technology companies such as Samsung, Panasonic, Polycom, Avaya, AMX, Extron, RADWIN, Huawei and SanDisk.
Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.
