Arena Bilgisayar Sanayi ve Ticaret A.S. (IBSE:ARENA) entered into a preliminary intent to acquire Brightstar Telekomunikasyon Ve Dagitim Limited Sirketi from Brightstar Corp. for $29 million on 5, 2021. Arena Bilgisayar Sanayi ve Ticaret A.S. signed a binding share purchase agreement to acquire Brightstar Telekomunikasyon Ve Dagitim Limited Sirketi from Brightstar Corp. for $35 million on September 13, 2021. Brightstar Telekomünikasyon reported revenues of approximately $340 million in CY 2020. The transaction is subject to receiving necessary regulatory approvals including from the competition board, as also fulfillment of certain mutually agreed conditions. The transaction is expected to complete by end of Q3 FY 2021-22. As of November 22, 2021 that it had concluded final consideration at $29 Million and also, they are expecting that the transaction will be completed latest by November 30, 2021. Caner Elmas of Baker McKenzie acted as legal advisor to Arena Bilgisayar Sanayi ve Ticaret A.S. in the transaction.

Arena Bilgisayar Sanayi ve Ticaret A.S. (IBSE:ARENA) acquired Brightstar Telekomünikasyon ve Dagitim Ltd.Sti from Likewize Corp. for $26.5 million on December 1, 2021.