---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-009770"
form_type: "8-K"
ticker: null
cik: "0001031029"
company_name: "Startek, Inc."
filed_at: "2023-04-07T23:59:59+00:00"
generated_at: "2026-06-17T04:26:42.812131+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Startek completes sale of 51% stake in CCC for ~$69M cash; plans $55M debt prepayment

## Summary
- Sold 51% interest in Contact Center Company (CCC) to Solutions; received ~$68.9M in cash, subject to working capital adjustments.
- Enterprise value for Startek's stake was ~$61.5M; total CCC enterprise value ~$120M (SAR 450M).
- Expects pre-tax gain on sale of ~$15.5M; tax impact ~$6.6M.
- Will apply $55M of proceeds to prepay senior term loan facility to improve balance sheet.
- CEO Bharat Rao says this results in the strongest balance sheet in five years; focus on core business.

## SEC filing metadata
- accession: 0001437749-23-009770
- form_type: 8-K
- cik: 0001031029
- company_name: Startek, Inc.
- filed_at: 2023-04-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031029/000143774923009770/0001437749-23-009770-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031029/000143774923009770/srt20230407_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-009770
- JSON: https://secwatch.observer/filing/0001437749-23-009770.json
- Plain text: https://secwatch.observer/filing/0001437749-23-009770.txt

## Key facts
- M&A Transactions
  Startek, Inc. completed a disposition involving Arabian Internet and Communications Services Company for enterprise value of approximately $61.5 million (closed 2023-04-03).
  - Action: disposition
  - Counterparty: Arabian Internet and Communications Services Company
  - Consideration: enterprise value of approximately $61.5 million
  - Closing: 2023-04-03
  source text: Communications Services Company (Solutions). Effective today, Solutions has acquired 51% Startek stake in Contact Center Company (CCC) for an enterprise value of approximately $61.5 million. Solutions will also acquire the remaining 49% stake from the Company’s joint venture partner, Saudi Telecom Company (STC). Startek plans to use $55 million from the net proceeds
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031029/000143774923009770/0001437749-23-009770-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.