Skip to content

Bell to buy Burnaby-based Glentel

One of Canada’s biggest telecommunications companies is set to purchase Burnaby’s Glentel Inc.
Glentel
Mobile distributor Glentel is set to be bought by telecommunications giant Bell for $594 million. Photograph from glentel.com.

One of Canada’s biggest telecommunications companies is set to purchase Burnaby’s Glentel Inc., a multi-carrier mobile products distributor

Last week, Bell announced its procurement of Glentel to the tune of $594 million through a cash-and-stock transaction, offering shareholders either $26.50 per share or stock in BCE (Bell Canada Enterprises).

“Glentel…has been influential in driving the widespread adoption of mobile services in Canada, the United States and elsewhere internationally,” said George Cope, president and CEO of BCE Inc. and Bell Canada, in a statement.

“The Glentel team shares Bell’s commitment to wireless growth and service innovation, and we are proud to welcome them.”

Operating from its headquarters in Burnaby, Glentel runs 494 retail locations across Canada, offering wireless products and services from Bell Mobility, Chatr, Fido, Rogers Wireless, SaskTel and Virgin Mobile. Outside Canada, Glentel runs approximately 735 retail locations in the United States, as well as 147 points of sale in Australia and the Philippines.

According to Bell, the acquisition of Glentel will further its wireless strategy and improve service to the company’s customers.

The transaction is expected to be complete in early 2015.


@jacobzinn