GLENTEL SELLS ITS TOWER BUSINESS ASSETS TO SBA COMMUNICATIONS

BURNABY, BC, Aug. 8, 2012 /CNW/ - GLENTEL Inc. (TSX: GLN) announced today that 
an agreement has been reached to sell its tower business assets to SBA 
Communications Corporation ("SBA") for a price of up to CAD $12 million. The 
final price will be determined by the tower site revenue yield at closing. The 
transaction is expected to close no later than December 31, 2012. 
"We believe the timing is right for GLENTEL to divest its non-core tower 
assets," stated Tom Skidmore, GLENTEL's President and CEO. "The sale to SBA 
offers GLENTEL a unique opportunity to focus on its core priorities such as 
digital migration and the expansion of its digital networks, while delivering 
significant value to our shareholders. It also provides GLENTEL with the 
opportunity to offer network solutions to its customers on a national basis, 
while removing the risk, maintenance and capital expenditures required to 
manage and build a best-in-class tower network with enhanced communication 
capabilities that SBA is committed to provide in Canada. The transaction does 
not affect in any manner, directly or indirectly, GLENTEL's licensed frequency 
portfolio." 
"This transaction represents our continued drive to establish SBA as the 
largest provider of communication sites in Canada," said Edward Hachey, Vice 
President, SBA Canada. "We are excited to complete a transaction with GLENTEL, 
and believe these unique locations will address the growing needs of our 
customers in enhancing their coverage and network quality throughout Canada. 
GLENTEL and SBA will work together to ensure a seamless transition for 
customers." 
About GLENTEL 
GLENTEL (TSX: GLN) is the largest independent multi-carrier mobile phone 
retailer in Canada and a leading provider of innovative and reliable 
telecommunications services and solutions in North America. Founded in 1963 
and headquartered in Burnaby, BC, Canada, GLENTEL comprises three operating 
divisions - Retail Canada, Retail U.S. and Business - that service thousands 
of consumers and commercial communications customers. The company operates 
over 545 corporate stores with more than 330 locations in Canada located 
nationally in retail malls, Costco Wholesale stores, and business centres; and 
more than 210 retail locations in the United States. To its business and 
government customers, GLENTEL offers wireless service, rental equipment, 
satellite and terrestrial network systems and wireless asset monitoring. 
GLENTEL offers a choice of network carrier and wireless device or mobile phone 
to Canadian consumers and offers the family of wireless products and services 
of Verizon Wireless as one of its select six National Premium Retailers in the 
United States. GLENTEL operates its business under the trading names Glentel 
Wireless, WIRELESSWAVE, WAVE SANS FIL, Tbooth wireless, la cabine T sans fil, 
WIRELESS etc., WAVE SANS FIL etc., Mac Station, and Diamond Wireless - a 
Verizon National Premium Retailer in the U.S. 
For a copy of GLENTEL's annual report or for additional information, visit 
www.glentel.com or www.sedar.com. 
About SBA Communications Corporation
SBA Communications Corporation (NASDAQ: SBAC) is a first choice provider and 
leading owner and operator of wireless communications infrastructure in North 
and Central America. By "Building Better Wireless," SBA generates revenue from 
two primary businesses - site leasing and site development services. The 
primary focus of the Company is the leasing of antenna space on its 
multi-tenant towers to a variety of wireless service providers under long-term 
lease contracts. For more information please visit: www.sbasite.com. 
Forward-Looking Statements
Statements in this release relating to matters that are not historical fact 
are forward-looking statements based on current expectations, forecasts and 
assumptions that involve risks and uncertainties that could cause actual 
outcomes and results to differ materially. Factors that could cause or 
contribute to such differences include, but are not limited to, general 
economic conditions, changes in technology, reliance on third-party 
manufacturing, managing rapid growth, limited intellectual property 
protection, and other risks and uncertainties described in GLENTEL's public 
filings with securities regulatory authorities. 
NO STOCK EXCHANGE, SECURITIES COMMISSION, OR OTHER REGULATORY AUTHORITY HAS 
APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN. 
GLENTEL Contacts: Investor Relations Jas Boparai, Chief Financial Officer 
GLENTEL Inc. 604.415.6500 investors@glentel.com 
Media Contact: Melanie Mitchell GLENTEL Inc. 604.415.7002 
melanie.mitchell@glentel.com 
SBA Contacts: 
Lynne Hopkins Media Relations 561-226-9431 
Mark DeRussy, CFA Capital Markets 561-226-9531 
SOURCE: Glentel Inc. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/August2012/08/c5886.html 
CO: Glentel Inc.
ST: British Columbia
NI: TLS  
-0- Aug/09/2012 00:04 GMT
 
 
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