Stock Name: GLN
Amount: CAD 0.10
Announcement Date: 04/01/2012
Record Date: 10/01/2012
Dividend Detail:
BURNABY, BC, Jan. 4, 2012 /CNW/ - GLENTEL's (TSX: GLN) board of
directors is pleased to announce the declaration of an eligible
quarterly dividend of $0.10/share, for shareholders of record as of
Thursday, January 12, 2012, payable Thursday, January 26, 2012.
"We are pleased with the continued growth in sales of smartphones and
the profitability of our operations in Canada and the United States,"
said Tom Skidmore, GLENTEL's president and chief executive officer.
"Our board of directors is pleased to increase GLENTEL's quarterly
dividend, reflecting the sustained earnings strength of the company."
About GLENTEL
GLENTEL (TSX: GLN) is a leading wireless retailer and a provider of
innovative and reliable telecommunications services and solutions in
Canada and the United States. Founded in 1963 and headquartered in
Burnaby, BC, GLENTEL comprises three operating divisions - Retail
Canada, Retail U.S. and Business - that service thousands of consumers
and commercial communications customers. The company operates more than
310 stores across Canada located primarily in retail malls and Costco
Wholesale, as well as more than 190 stores in the United States. To its
business and government customers, GLENTEL offers wireless service,
rental equipment, satellite and terrestrial network systems, tower
sites, and wireless asset monitoring. As the largest multi-carrier
mobile phone retailer in Canada, it offers a choice of network carrier
and wireless device or phone to Canadian consumers. 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., and Mac Station, as well as Diamond Wireless - Verizon
Premium Retailer in the U.S.
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.
For further information:
| Investor Relations Contact: | Media Contact: |
| Jas Boparai, Chief Financial Officer | Melanie Mitchell |
| GLENTEL Inc. | GLENTEL Inc. |
| 604.415.6500 | 604.415.7002 |
| investors@glentel.com | melanie.mitchell@glentel.com |
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