Canadian telco, BCE has announced that it is buying Glentel, the Canadian based multi carrier mobile products distributor for approximately $670 million.
Headquartered in Burnaby, BC, Glentel operates 494 retail locations across Canada offering wireless products and services from Bell Mobility, Chatr, Fido, Rogers Wireless, SaskTel and Virgin Mobile, and plans to continue offering products from multiple carriers following the acquisition. Outside Canada, Glentel owns, operates, and franchises approximately 735 retail locations in the United States, as well as 147 points of sale in Australia and the Philippines.
"As Glentel considered its future opportunities, it was essential that our partner share in Glentel's core values of Quality, Service and Integrity. Bell, who has been a long time significant contributor to Glentel's success, is that partner," said Tom Skidmore, Glentel President and CEO.
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