GLENTEL Inc. renews normal course issuer bid to repurchase common shares

GLENTEL Inc. renews normal course issuer bid to repurchase common shares 
BURNABY, BC, Jan. 29, 2013 /CNW/ - GLENTEL Inc. ("GLENTEL") (TSX:GLN) has 
filed, and has received Toronto Stock Exchange ("TSX") acceptance of, a notice 
to renew its normal course issuer bid ("NCIB") to purchase up to 500,000 of 
its outstanding Common Shares. Depending upon future price movements and other 
factors from time to time, the board of directors of GLENTEL believes that the 
purchase of its outstanding Common Shares may represent desirable use of a 
portion of its available funds and may provide additional liquidity to its 
shareholders, benefiting the remaining shareholders by an increase in the 
value of their equity interest in the company. 
On January 31, 2013, GLENTEL will have completed a previous NCIB, through 
which no purchases were made. In the period beginning February 1, 2013 and 
ending on January 31, 2014, GLENTEL intends to further acquire up to 500,000 
Common Shares, being 2.24% of the 22,273,605 Common Shares outstanding on 
January 29, 2013. Subject to any block purchases made in accordance with the 
rules of the TSX, GLENTEL will be subject to a daily repurchase maximum of 
3,625 Common Shares, representing 25% of the average daily trading volume of 
14,502 Common Shares. 
Any shares purchased pursuant to the NCIB will be cancelled. Shares will be 
purchased at the market price of the shares at the time of purchase and will 
be purchased on behalf of GLENTEL by a registered investment dealer through 
the facilities of the TSX or other Canadian market places. The funding for any 
purchase of Common Shares pursuant to the NCIB will be financed out of working 
capital of GLENTEL. 
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 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 MobileĀ®, 
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 in the USA; 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. 
NO STOCK EXCHANGE, SECURITIES COMMISSION, OR OTHER REGULATORY AUTHORITY HAS 
APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN. 
To secure 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 
SOURCE: Glentel Inc. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/January2013/29/c9541.html 
CO: Glentel Inc.
ST: British Columbia
NI: TLS FIN  
-0- Jan/29/2013 22:00 GMT
 
 
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