GLENTEL Inc. Increases Its 1st Quarter Dividend

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.

SOURCE Glentel Inc.

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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