3/12/2013 5:59:38 PM
No talks between Data Select and Brightstar
Sources close to distributor Data Select strongly refuted reports this week that Brightstar founder and CEO Marcello Claure has resurrected acquisition talks with Data Select owner Peter Jones.
As US distribution giant Brightstar’s move to buy 20:20 Mobile dragged into its fourth month Claure claimed he had not closed the door to other deals, stating that he had held talks with Peter Jones.
However a source close to Data Select said the claim was ‘complete nonsense.’
The source added: ‘ It is totally unfounded. There is no truth in it. That is just Marcello putting the pressure on 20:20 Mobile.’
Meanwhile industry sources continued to claim the sale of 20:20 Mobile is close to completion.
One source said: ‘We understand the deal with 20:20 Mobile is going ahead but is being held up by problems with one shareholder and delays in sorting out the transition of the Spanish division but that it will go ahead.'