BURNABY, BC, April 10, 2013 /CNW/ - GLENTEL Inc. (TSX:GLN) announced today SBA
Communications Corporation (SBA) completed the purchase of a portion of
GLENTEL's tower business assets. The value of the transaction is approximately
$3.0 million. GLENTEL has agreed to sell additional tower business assets to
SBA, with an expected close by June 30, 2013.
Celebrating its 50(th) anniversary in 2013 and based in Burnaby, BC, Canada,
GLENTEL (TSX: GLN), is the largest independent multi-carrier mobile phone
retailer in Canada and Australia. In the United States, GLENTEL operates two
of the six National Premium Retailers for Verizon Wireless. GLENTEL is a
leading provider of innovative and reliable wireless communications services
and solutions, offering a choice of network carrier and wireless or mobile
products to consumers and commercial customers.
GLENTEL's brands - GLENTEL Wireless, WIRELESSWAVE, WAVE SANS FIL, Tbooth
wireless, la cabine T sans fil, WIRELESS etc., SANS FIL etc., Mac Station,
iStation, Diamond Wireless, Wireless Zone, and Allphones - span three
countries and two continents. The Company employs over 3,800 employees and
operates more than 1,180 locations including more than 340 locations in Canada
located in retail malls, Costco Wholesale stores, and business centres; more
than 630 retail locations in the United States; and more than 200 retail
locations in Australia. In addition, Target Canada has licensed GLENTEL to
open and operate in 2013 more than 120 mobile communications sales and service
kiosks within its stores, under the brand Target Mobile®.
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.
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 email@example.com Media Contact: Lois Grierson GLENTEL Inc.
SOURCE: Glentel Inc.
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CO: Glentel Inc.
ST: British Columbia
NI: TLS MNA
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