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GLENTEL Inc. Declares Special Dividend of $0.05


BURNABY, BC, Oct. 26, 2012 /CNW/ - The Board of Directors of GLENTEL Inc. (TSX: GLN) is pleased to declare a special dividend of $0.05/share, with a record date of Thursday, November 8, 2012 and a payment date of Thursday, November 22, 2012. This dividend qualifies as an "eligible dividend" for Canadian income tax purposes.

"This special dividend of $0.05/share, when included with the four ordinary dividends paid in 2012, brings the total dividend distribution for the year to $0.45 per common share," stated Thomas Skidmore, President and CEO.

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 540 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. 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 Verizon Wireless' 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.

NO STOCK EXCHANGE, SECURITIES COMMISSION, OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

For a copy of GLENTEL's annual report or for additional information visit www.glentel.com or www.sedar.com.

Investor Relations Contact: Jas Boparai, Chief Financial Officer GLENTEL Inc. 604.415.6500 investors@glentel.com     Media Contact: Lois Grierson GLENTEL Inc. 604.415.6500 lois.grierson@glentel.com

SOURCE: Glentel Inc.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/October2012/26/c2554.html

CO: Glentel Inc. ST: British Columbia NI: TLS DIV

-0- Oct/26/2012 18:34 GMT

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