Brightpoint Completes Acquisition of CellStar's U.S. and Miami-based Latin America Operations and Increases Revolving Credit Facility.

* Brightpoint completes its previously announced acquisition of substantially all of CellStar's U.S. operations and its Miami-based Latin America business

* Acquisition to solidify Brightpoint's presence in the U.S. and enhance its distribution and logistics capabilities for Latin America

* Brightpoint increases availability under its senior secured credit facility by $75 million from $165 million to $240 million

PLAINFIELD, Ind. -- Brightpoint, Inc. (NASDAQ:CELL) announced today that its wholly-owned subsidiaries, Brightpoint North America L.P. and Brightpoint Latin America, Inc., have completed the previously announced acquisition of substantially all of CellStar's assets and liabilities related to its U.S. operations and its Miami-based Latin America business. CellStar's operations in Mexico and Chile and other businesses or obligations of CellStar Corporation were not included in the acquisition.

"We are excited to complete the acquisition of CellStar's U.S. operations and its Miami-based Latin America business. This transaction provides a foundation to implement our expansion into Latin America, broadens our product offering, and will improve overall operating efficiencies to help drive long-term value for our stakeholders," stated J. Mark Howell, President, Brightpoint, Inc. and Brightpoint Americas. "Additionally, we welcome the former CellStar employees to the Brightpoint team and look forward to working with them to provide the most complete, efficient, and innovative solutions for suppliers, network operators and retailers throughout North America and Latin America."

In accordance with the definitive agreement, the originally announced estimated purchase price of $88.0 million was reduced to $62.4 million based upon a preliminary estimate of net asset adjustments. The purchase price is subject to further adjustments as the net asset adjustments and other matters set forth in the definitive agreement are finalized. Brightpoint expects to record goodwill and other intangible assets of approximately $63.5 million in relation to this transaction.

The purchase price was primarily funded through borrowings on Brightpoint, Inc.'s senior secured revolving credit facility led by Banc of America Securities LLC, as lead arranger for a group of 9 major U.S. and international lending institutions ("Credit Facility"). Availability under the Credit Facility was increased today by $75 million from $165 million to $240 million. The other terms of the Credit Facility remained unmodified and amounts borrowed under this Credit Facility are due in February 2012.

Brightpoint, Inc. (NASDAQ:CELL) is a global leader in the distribution of wireless devices and in providing customized logistic services to the wireless industry. In 2006, Brightpoint handled 53.5 million wireless devices globally. Brightpoint's innovative services include distribution, channel development, fulfillment, product customization, eBusiness solutions, and other outsourced services that integrate seamlessly with its customers. Brightpoint's effective and efficient platform allows its customers to benefit from quickly deployed, flexible, and cost effective solutions. The company has approximately 2,100 employees in 15 countries. Revenue in 2006 was $2.4 billion and net income was $35.6 million. Additional information about Brightpoint can be found on its website at www.brightpoint.com, or by calling its toll-free Information and Investor Relations line at 877-IIR-CELL (877-447-2355).

Certain information in this press release may contain forward-looking statements regarding future events or the future performance of Brightpoint. These statements are only predictions and actual events or results may differ materially. Please refer to the documents Brightpoint files, from time to time, with the Securities and Exchange Commission; including, Brightpoint's most recent Form 10-K and Exhibit 99.1, thereto. These documents contain and identify important risk factors that could cause the actual results to differ materially from those contained in or implied by these forward-looking statements. These risk factors include, without limitation, unexpected costs associated with the acquired CellStar business operations; the expected benefits of the transaction may not be achieved in a timely manner, or at all; the acquired CellStar business operations may not be successfully integrated with Brightpoint's following the closing; disruption from the transaction may adversely affect the parties' relationships with their customers, suppliers or employees; and Brightpoint may be unable to achieve the expected synergies, business and strategic objectives following the transaction. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date these statements were made. Brightpoint undertakes no obligation to update any forward-looking statements contained in this press release.