Brightstar Corp.: SoftBank Invests $1.26 Billion for a 57% Share of Brightstar Corp

Brightstar Corp.: SoftBank Invests $1.26 Billion for a 57% Share of Brightstar

Brightstar Becomes the Leading Distribution, Services and Innovation Company
to the Telecommunications Industry

Miami - October 18, 2013 - Brightstar Corp. ("Brightstar") and SOFTBANK  CORP. 
("SoftBank") (TSE: 9984) today announced  a definitive agreement for  SoftBank 
to invest  $1.26 billion  in  Brightstar, enabling  Brightstar to  expand  its 
scale, and further  its position  as a leading  provider of  services for  the 
wireless industry.

As part of  the transaction,  the Buying &  Innovation Group,  "BIG," a  joint 
venture created to realize savings and efficiencies for SoftBank, Sprint,  and 
Brightstar, will become a division of Brightstar.

SoftBank has  investments in  over  1300 entities  across  the world  in  many 
industries, and  chose Brightstar  for its  leading position  in the  wireless 
ecosystem. SoftBank's  investment, which  values Brightstar  at $2.2  billion, 
including its  existing outstanding  debt, is  the next  step in  Brightstar's 
evolution. The transaction will have benefits for both companies, including:

  *Brightstar will become the exclusive provider of handsets, accessories,
    and services to certain SoftBank telecommunications affiliates
  *Brightstar, leveraging certain SoftBank telecommunications affiliates,
    will buy over $20 billion in handsets, accessories, and services making it
    one of the leading buyers of mobile devices and accessories in the world
  *Both companies will leverage Brightstar's local presence in over 50
    countries to commercialize products and services offered by SoftBank, its
    affiliates, and its investment companies reaching more than 90,000 points
    of sale worldwide, more than 200 mobile network operators, 40,000
    retailers, and 15,000 enterprises
  *Brightstar will have a preferential right to provide services including
    distribution, supply chain, handset insurance, buy-back & trade-in,
    multi-channel retail, and financial services to certain SoftBank
    telecommunications affiliates

"SoftBank's investment in  Brightstar solidifies our  position as the  leading 
distribution, services, and innovation company  in the world for the  wireless 
industry," said Brightstar  Founder, Chairman  and CEO,  Marcelo Claure.  "Our 
alliance  with  SoftBank   provides  additional  products   and  services   to 
Brightstar's already best-in-class  services allowing us  to better serve  our 
customers in more than 125 countries where we do business."

"SoftBank has  a  proven track-record  of  investing in  companies  that  are 
leading innovation  in  their  respective  industries,"  said  Masayoshi  Son, 
Founder, Chairman, and CEO of SoftBank Group. "Brightstar has been a model  of 
innovation, transforming froma regional wireless distributor into the world's
leading provider of services to the wireless industry and we are excited about
what that will mean for the SoftBank Group."

Today, Brightstar has a local presence in over 50 countries, earning  revenues 
in excess of $7 billion  and EBITDA of approximately  $260 million for the  12 
months ending June 2013.

SoftBank is financing the  transaction with cash on  hand. In addition to  its 
$1.26 billion cash investment, and as part of a liability management exercise,
SoftBank intends  to guarantee  Brightstar's outstanding  $350 million  senior 
unsecured notes due 2016 and $250 million senior unsecured notes due 2018.

After the transaction:

  *Brightstar will continue its focus on providing best-in-class service for
    its customers
  *Brightstar's global headquarters will remain in Miami, Florida
  *Mr. Claure will continue as President and CEO of Brightstar
  *SoftBank will own approximately 57% and Mr. Marcelo Claure will own
    approximately 43% of Brightstar shares on an outstanding basis
  *Over the next 5 years, or upon certain events, SoftBank's ownership will
    accrete to 70%

The transaction  has been  approved by  the Board  of Directors  of  SoftBank. 
Completion of the transaction is  subject to customary regulatory  approvals. 
The companies expect the  closing of the  transaction to occur  by the end  of 

Goldman, Sachs & Co.  acted as exclusive financial  advisor to Brightstar  and 
Cleary Gottlieb Steen &  Hamilton LLP and  K&L Gates LLP  acted as counsel  to 
Brightstar. The  Raine  Group LLC  acted  as exclusive  financial  advisor  to 
SoftBank and Morrison & Foerster LLP acted as lead counsel to SoftBank.

About Brightstar

Brightstar is  the  world's largest  specialized  wireless distributor  and  a 
leading provider of diversified services focused on enhancing the  performance 
and results  of the  key  participants in  the  wireless device  value  chain: 
manufacturers, operators  and retailers.  For more  information, please  visit

About SoftBank

SoftBank Corp. (TSE:9984) is a pure holding company with more than 1,300 Group
subsidiaries and  affiliates  that  offer  a  comprehensive  range  of  mobile 
communications, fixed-line communications and  Internet services. With  Sprint 
Corporation joining SoftBank in July 2013,  the Group became a leading  global 
carrier with close to 100 million subscribers. Maximizing synergies across its
Group companies worldwide,  SoftBank aspires to  realize lifestyle  innovation 
through IT. SoftBank is also encouraging the adoption of clean and safe energy
through   its   business   activities.    To   learn   more,   please    visit

Media Contact
Rafael de Guzman


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information contained therein.

Source: Brightstar Corp. via Thomson Reuters ONE
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