GLENTEL declares special dividend of $0.30 per share

BURNABY, BC, Oct. 28 /CNW/ - The Board of Directors of Glentel Inc. is very pleased to announce the declaration of a special dividend of $0.30 per share, having a record date of November 9, 2009, payable November 23, 2009.

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 operates more than 280 locations across Canada located in retail malls and high pedestrian-traffic street-front locations, Costco Wholesale stores, and business centers. As the largest multi-carrier mobile phone retailer in Canada, it offers a choice of network carrier and wireless device or phone. To its business and government customers, GLENTEL offers wireless 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.

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.
    

SOURCE GLENTEL Inc.

For further information: For further information: Investor Relations Contact: Dale B. Belsher, Chief Financial Officer, GLENTEL INC., (604) 415-6500, investors@glentel.com; Media Contact: Shafiq Jamal, VP, James Hoggan & Associates, (604) 739-7500, sjamal@hoggan.com

Organization Profile

GLENTEL Inc.

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