Glentel Controlling Shareholder Internal Reorganization



    BURNABY, BC, Sept. 23 /CNW/ - Glentel Inc. (TSX: GLN), has been advised
by its major shareholder, TCG International Inc. (TCGI), that TCGI is
completing an internal reorganization which will result in the distribution of
up to 3,250,000 Glentel shares, currently held directly by TCGI, to TCGI
shareholders Arthur Skidmore, Allan Skidmore, and Thomas Skidmore or their
holding companies. Messrs Arthur, Allan, and Thomas Skidmore are directors of
Glentel Inc. If the maximum number of 3,250,000 Glentel shares is distributed
pursuant to this reorganization (expected to be completed within the next
90 days), TCGI will continue to hold 924,800 Glentel shares. In addition,
under separate agreement, TCGI continues to hold voting rights under certain
conditions for an undetermined period of time related to 1,000,000 Glentel
shares owned by a former shareholder of TCGI.

    About Glentel

    Glentel (TSX: GLN) is a leading 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 two
operating divisions - Retail and Business - that service thousands of
consumers and commercial telecommunications customers. Together with its
divisions, the company boasts more than 250 locations across Canada located in
retail malls, Costco Wholesale stores, and business centers. As the largest
multi-carrier cellular retailer in Canada, it offers a choice of network
carrier and wireless device or phone. To its business and government
customers, Glentel offers wireless engineering and service, rental equipment,
satellite and terrestrial network systems, tower sites and wireless asset
monitoring. Glentel operates its business under the trading names Glentel
Wireless, WirelessWave, The Telephone Booth (Tbooth and la cabine T) and
WIRELESS etc.

    
    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 additional information,
    visit www.glentel.com or www.sedar.com.
    





For further information:

For further information: Investor Relations Contact: Dale B. Belsher,
Chief Financial Officer, Glentel Inc., (604) 415-6500, investors@glentel.com;
Media Contacts: Kristin Treat, Vice President, Hoggan & Associates, (604)
761-9946 mobile, ktreat@hoggan.com; Alex Chapple, Account Manager, Hoggan &
Associates, (604) 512-6095 mobile, achapple@hoggan.com

Organization Profile

GLENTEL Inc.

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