Mirgor pays $1 for Brightstar in Argentina

Mirgor pays $1 for Brightstar in Argentina

Corporate & Sovereign Strategy M&A Argentina US Latin America

Argentina's Mirgor, a maker of auto parts, cell phones and TVs, said Friday that it agreed to pay $1 for the local operations of Brightstar, a Miami-based cell phone maker and wireless services provider that is pulling out of the country as the economy sinks deeper into crisis. Brightstar Argentina makes LG and Samsung cell phones in Tierra del Fuego and provide sales and repair services, Mirgor said in a securities filing. The payment, according to a source with information about the acquisitio

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