GREY:GLNIF - Post by User
Comment by
ascii2on Dec 24, 2014 8:32pm
184 Views
Post# 23264738
RE:Bell to sell 50% stake in wireless retailer GLENTEL to Roger
RE:Bell to sell 50% stake in wireless retailer GLENTEL to RogerI like how they describe GLN
"Providing continued access to GLENTEL's first-class wireless retail operations for both competitors, this agreement greatly reduces Bell's cost to acquire GLENTEL and helps ensure the transaction closes as scheduled to the benefit of GLENTEL shareholders," said George Cope , President and CEO of BCE Inc. and Bell Canada. "GLENTEL's distribution scope and renowned service and sales capabilities remain key to Bell's strategy to accelerate wireless in Canada while delivering an improved customer experience." Bell's agreement with Rogers does not impact the GLENTEL acquisition timeline or plan of arrangement, and closing of Bell's GLENTEL acquisition is not dependent on the closing of Bell's transaction with Rogers.A special meeting of GLENTEL shareholders is scheduled for January 12, 2015 and the transaction is expected to be completed by the end of the first quarter of 2015.
It is a done deal as far as shareholders are concerned vote with full force on 12th January 2015 or before with proxy.