MoviStar Signs Multi-Year Value-Added Services Agreement With Brightstar Puerto Rico MIAMI, Nov. 11 /PRNewswire/ -- Brightstar Corporation, a distributor and provider of value-added services for the wireless telecommunications industry, announced today its subsidiary Brightstar Puerto Rico has signed a multi-year agreement with MoviStar. Under the terms of the agreement, Brightstar will support all of MoviStar's key supply chain activities. Among the services Brightstar will provide are: product procurement, inventory management and logistics, order fulfillment, financial services, web-based solutions and reverse logistics. Brightstar will expand its facility to support MoviStar and expects to process more than 200,000 phones annually through this contract. "MoviStar focuses on providing value to customers and shareholders," said Claudio Hidalgo, general manager of MoviStar Puerto Rico. "This alliance will allow to offer more agility to our business, providing better service to our clients." Hildago added, "We concentrate on providing the latest technology in mobile phones and features to offer the highest quality products and services to clients. The partnership between MoviStar and Brightstar allows us to successfully achieve these goals." Eduardo Barreto, general manager of Brightstar Puerto Rico, said, "MoviStar's reputation for innovation and high quality service makes them an excellent partner for Brightstar. We're thrilled to provide them with our value added services to support their customers and assist them in containing costs." Brightstar Corp. is a privately-held company that has achieved extraordinary growth; almost doubling its revenues each year since its founding in October 1997 -- $73 million in 1998, $140 million in 1999, $355 million in 2000, $631 million in 2001 and $849 million in revenues in 2002. About MoviStar Puerto Rico MoviStar is the leader in innovative wireless services in Puerto Rico and operates an island-wide CDMA state of the art network. The company is managed by Telefonica Moviles (NYSE: TEM; MC) the leading company of wireless services in Spain, with operations in Latin America and the Mediterranean region. Telefonica Moviles has more than 46 million customers worldwide. It had a net profit of 779 million euros in the first half of 2003. In Puerto Rico, MoviStar operates 12 stores around the island. For more information, please visit our web page at: http://www.movistarpr.com/ . About Brightstar Founded in 1997, Brightstar Corporation is a solution provider and value- added distribution and manufacturing services company. The company provides customers in the wireless industry with inventory management, logistics, fulfillment, Internet-based solutions, customized packaging and after-sales support. Brightstar was recently named to the Inc. 500 list of fastest growing private companies in the United States and ranks second on the Hispanic Business 500. Its customer base includes over 160 network operators and nearly 15,000 distributors, agents, resellers and retailers around the world. Brightstar is one of Motorola's strategic partners in Latin America and the U.S. and an authorized distributor for all leading wireless equipment manufacturers. Brightstar operates 20 facilities in 16 countries worldwide. Its headquarters is based in Miami, FL, with operations in Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Mexico, Paraguay, Peru, the United States and Puerto Rico and Venezuela. During the year ended December 31, 2002, Brightstar's consolidated revenues were $849 million. The company has exceeded $1 billion in consolidated revenues in the 12 months of operations from June 2002 - May 2003. For more details, visit http://www.brightstarcorp.com/ . DATASOURCE: Brightstar Corporation CONTACT: Oscar Fumagali of Brightstar, +1-305-921-1117, Web site: http://www.brightstarcorp.com/ http://www.movistarpr.com/

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