Glentel Inc. Completes Acquisition of Wireless Zone®

˗ A 428-Store Verizon Wireless U.S. Retailer 
BURNABY, BC, Nov. 30, 2012 /CNW/ - GLENTEL Inc. (TSX: GLN) announced today 
that it has completed the 100% share purchase of Middletown, Connecticut-based 
Automotive Technologies, Inc. ("ATI") dba Wireless Zone®, a 428-store 
franchise system in the United States that sells Verizon Wireless products and 
"I am pleased to announce the successful acquisition of ATI, and to welcome 
ATI's employees and Wireless Zone's franchisees to the GLENTEL family," stated 
Tom Skidmore, GLENTEL's President and Chief Executive Officer. "The 
acquisition of Wireless Zone increases our already-established US presence, 
and with limited geographic overlap will complement the corporate stores of 
Diamond Wireless, one of six exclusive Verizon National Premium Retailers. The 
addition of ATI brings the total number of locations operated by GLENTEL in 
Canada, Australia, and the United States to more than 1,180." 
Wireless Zone is also one of the six exclusive Verizon Wireless National 
Premium Retailers, operating 409 franchised and 19 corporate stores in 28 US 
states. As part of the share purchase agreement, key members of senior 
management will be subject to employment agreements, and for certain 
consideration will be provided with share equivalent rights in ATI, which 
include put and call provisions for an aggregate total of 4.2% of ATI's 
distributed operating profit. 
Transaction Summary 
The total purchase price for 100% stock and other consideration was USD $83.3 
million. GLENTEL funded the acquisition through USD$22.3 million of cash and 
a CDN$61.0 million 5-year syndicated senior credit facility. The final 
purchase price is subject to a final working capital adjustment. 
Financial Highlights 
Combined pro forma unaudited trailing twelve-month financial highlights of 
GLENTEL Inc. in millions of Canadian dollars, inclusive of the recently 
completed acquisitions of Australian-based AMT Group and ATI, dba Wireless 
|             |         Pro Forma 12-months Ended June 30, 2012   |
|             |       |  ATI   |         |           |            |
|             |GLENTEL|Wireless|AMT Group|           |Consolidated|
|             | Inc.  |  Zone  |Allphones|Adjustments| Pro Forma  |
|Sales        | $617.7| $545.8*|   $167.7|    ($28.5)|    $1,302.7|
|Normalized   |       |        |         |           |            |
|net earnings |       |        |         |           |            |
|before       |       |        |         |           |            |
|amortization,|       |        |         |           |            |
|finance      |  $48.6|   $15.3|    $19.2|     ($3.3)|       $79.8|
|income and   |       |        |         |           |            |
|expenses,    |       |        |         |           |            |
|non-recurring|       |        |         |           |            |
|items, and   |       |        |         |           |            |
|taxes        |       |        |         |           |            |
* Includes a wholesale business that sells mobile phones and other goods and 
services to its franchisees 
The unaudited pro forma financial information reflects pro forma adjustments 
and expected synergies based on currently available information and 
assumptions that management of GLENTEL believes provide a reasonable basis for 
presenting the significant effects of the completion of the share purchase 
transactions. Adjustments in place adjust results to account for GLENTEL's 83% 
ownership interest in AMT Group. The above unaudited pro forma consolidated 
financial information is for informational purposes only and is not 
necessarily indicative of what the financial position and results of 
operations would have been had the completion of the acquisitions occurred on 
or before June 30, 2011 with assumption of 12-month trailing earnings ending 
June 30, 2012, nor does it purport to be indicative of the financial position 
as of any future date or results of operations for any future period, nor the 
financial position as determined under GAAP. Actual figures may differ 
significantly from those presented above. 
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 1,180 stores worldwide, with more than 330 locations in 
Canada located nationally in retail malls, Costco Wholesale stores, and 
business centers; more than 210 Diamond Wireless retail locations in the 
United States; 428 Wireless Zone retail locations in the United States; and 
more than 210 retail locations in Australia. In addition, Target Canada has 
licensed the operation of over 125 mobile communications sales and service 
kiosks within its stores to GLENTEL under the brand Target Mobile®, 
commencing in 2013. 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 and Australian consumers and 
offers the family of wireless products and services of Verizon Wireless 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., SANS FIL etc., Mac Station, Diamond Wireless and Wireless Zone 
- Verizon Wireless National Premium Retailers, and Allphones in Australia. 
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. 
Investor Relations Contact: Jas Boparai, Chief Financial Officer GLENTEL Inc. 
Media Contact: Lois Grierson GLENTEL Inc. 
For a copy of GLENTEL's annual report or for additional information, 
SOURCE: Glentel Inc. 
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CO: Glentel Inc.
ST: British Columbia
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