GLENTEL Completes 83% Acquisition of AMT Group - Australia's Largest Multi-Carrier Mobile Phone Retailer

GLENTEL Completes 83% Acquisition of AMT Group - Australia's Largest 
Multi-Carrier Mobile Phone Retailer 
BURNABY, BC, Nov. 1, 2012 /CNW/ - GLENTEL Inc. (TSX: GLN), the largest 
independent multi-carrier phone retailer in Canada, announced today that it 
has completed the 83% share purchase of Sydney, Australia-based AMT Group Pty 
Ltd (AMT Group), which operates under the Allphones retail brand. 
"I would like to welcome the AMT Group's shareholders, employees, Allphones' 
franchisees and licensees to the GLENTEL family," stated Tom Skidmore, 
GLENTEL's President and Chief Executive Officer. "With the successful 
acquisition of the AMT Group, GLENTEL now operates in three distinct world 
markets and on two continents, with over 750 retail locations worldwide." 
AMT Group is the leading independent multi-carrier mobile phone and 
telecommunications retailer in Australia, operating and managing over 210 
stores, with annual sales of approximately AUD$162 million and over 400 
corporate employees. As part of the agreement, the Executive Shareholders have 
retained a 17% equity stake in AMT Group and continue to work in their 
executive leadership roles. 
Financial Highlights: 
The total purchase price for 83% of AMT Group was AUD$66.1 million (CDN$67.7 
million) of cash considerations and the assumption of an operating facility 
that was drawn down by AUD$4.4 million (CDN$4.5 million) at the time of 
completion, for an enterprise value of AUD$70.5 million (CDN$72.2 million). 
GLENTEL funded the acquisition through CDN$17.7 million of cash and a CDN$50.0 
million syndicated senior credit facility. The final purchase price is subject 
to a final working capital adjustment. 
The company secured a new CDN$68.5 million 5-year syndicated senior credit 
facility, of which CDN$50.0 million was used for the transaction and CDN$18.5 
million was used for general working capital and operating purposes. The 
company refinanced the CDN$22.8 million remaining on the 3-year fixed-term 
acquisition loan used for the Diamond Wireless acquisition into a 5-year 
syndicated senior credit facility and increased its operating facility from 
CDN$10.0 million to CDN$15.0 million. 
Unaudited AMT Group financial overview follows. 
|AMT Group                                     |12-months ended|
|    (in millions of Australian Dollars)       |  June 30, 2012|
|Sales                                         |        $161.9 |
|Income before amortization, finance income and|               |
|expenses,                                     |               |
|non-recurring items, and taxes                |          $18.5|
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 four operating 
divisions - Retail Canada, Retail U.S., Retail Australia and Business - that 
service thousands of consumers and commercial communications customers. The 
company operates over 750 stores with more than 330 locations in Canada 
located nationally in retail malls, Costco Wholesale stores, and business 
centres; more than 210 retail locations in the United States; and more than 
210 retail locations in Australia. GLENTEL offers a choice of network carrier 
and wireless device or mobile phone to Canadian and Australian 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, Diamond Wireless - a Verizon 
National Premium Retailer in the U.S., and Allphones. 
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. 
For a copy of GLENTEL's annual report or for additional information visit or 
Investor Relations Contact 
Jas Boparai, Chief Financial Officer GLENTEL Inc. 604.415.6500 
Media Contact 
Lois Grierson GLENTEL Inc. 604.415.6500   
SOURCE: Glentel Inc. 
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CO: Glentel Inc.
ST: British Columbia
-0- Nov/01/2012 22:08 GMT
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