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Glentel acquires 128 Verizon Wireless locations for $50 million

By on August 16, 2010 at 9:00am in Mobile News

You might know Burnaby-based Glentel as the people behind WirelessWave, Tbooth and WIRELESS etc. They’re a huge wireless distributor and have over 280 locations across Canada. Today they announced they’ll be acquiring 128 Verizon Wireless locations in the United States. The stores are mall locations in Washington, Oregon, Wyoming, Utah, Colorado, California, Arizona, Nevada, New Mexico, Texas and Hawaii. In addition, with this acquisition brings 750 employees.

The deal is expected to close on October 1st, 2010 for a total purchase price of $50,450,000 USD ($52,555,140 CAD). Glentel will purchase 81.5% from Diamond Wireless, LLC, with the other “18.5% minority interest in the future under certain terms and conditions”.

Congrats to everyone at Glentel. It’s nice to see a Canadian company buy a U.S. company.

Source: CNW

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Discussion

3 comments for “Glentel acquires 128 Verizon Wireless locations for $50 million”

  1. This is a great turn of events, a splendid day for Canada. Lets cross our fingers and see this action will create more Canadian followers to do the same.

    Like or Dislike: Thumb up 0 Thumb down 0

    Posted by Tm Mahdi | August 16, 2010, 12:12 pm
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  2. pretty good for canadian, except verizon is a pretty EVIL company recently in news just last friday on yahoo.

    http://finance.yahoo.com/news/Web-Plan-Is-Dividing-nytimes-1327468959.html?x=0

    “In a policy statement on Monday, Google and Verizon proposed that regulators enforce those principles on wired connections but not on the wireless Internet. They also excluded something they called “additional, differentiated online services.”

    In other words, on mobile phones or on special access lanes, carriers like Verizon and AT&T could charge content companies a toll for faster access to customers or, some analysts worry, block certain services from reaching customers altogether.

    *****Opponents of the proposal say that the Internet, suddenly, would not be so open anymore.******

    * “It is too soon to predict how these new services will develop, but examples might include health care monitoring, the smart grid, advanced educational services or new entertainment and gaming options.”

    Some experts were puzzled as to what these services might be and why such an exception might be necessary.********

    Thought people should have the right to know. Don’t support these companies, use startpage.com as search engine who doesn’t track you and try to impose fees on you, etc.

    Thanks. VERIZON SUCKS!!!

    Like or Dislike: Thumb up 0 Thumb down 0

    Posted by Luke | August 17, 2010, 8:44 am
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  3. comment did not post for some reason?

    pretty good for canadian, except verizon is a pretty EVIL company recently in news just last friday on yahoo.

    “In a policy statement on Monday, Google and Verizon proposed that regulators enforce those principles on wired connections but not on the wireless Internet. They also excluded something they called “additional, differentiated online services.”

    In other words, on mobile phones or on special access lanes, carriers like Verizon and AT&T could charge content companies a toll for faster access to customers or, some analysts worry, block certain services from reaching customers altogether.

    *****Opponents of the proposal say that the Internet, suddenly, would not be so open anymore.******

    * “It is too soon to predict how these new services will develop, but examples might include health care monitoring, the smart grid, advanced educational services or new entertainment and gaming options.”

    Some experts were puzzled as to what these services might be and why such an exception might be necessary.********

    Thought people should have the right to know. Don’t support these companies, use startpage.com as search engine who doesn’t track you and try to impose fees on you, etc.

    Thanks. VERIZON SUCKS!!!

    Like or Dislike: Thumb up 0 Thumb down 0

    Posted by Luke | August 17, 2010, 10:05 am
    Reply to this comment

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