GLENTEL sold to Bell in $594 million transaction

1 minute read
01 May 2015

On May 20, 2015, GLENTEL Inc. (TSX: GLN) and BCE Inc. announced that they had completed their previously announced plan of arrangement pursuant to which BCE acquired all of the issued and outstanding common shares of GLENTEL, for a total consideration of approximately $594 million.

Based in Burnaby, British Columbia, GLENTEL is a provider of innovative and reliable wireless communications services and solutions, offering a choice of network carrier and wireless or mobile products and services to consumers and commercial customers.

Canaccord Genuity Corp. acted as financial advisor to the Special Committee of the Board of Directors of GLENTEL.

Gowlings advised Canaccord Genuity Corp. with respect to this transaction with a team that included Ian Palm, Faran Umar-Khitab, Scott Kugler and Deborah Templer.

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