Glentel Inc GLNIF

RE: RE: So wheres the bottom

[Waterboy4]

Where you see the share price today may be a 52 week high if the rumours I hear are true. I heard this week that Telus has slashed commissions by 50% and as we all know the carriers in Canada, the others are likely to follow suit shortly if they have not done so already. If you look at the retail cell phone business, there is very little margin in the hardware itself and if loading commissions do indeed get slashed 50% accross the board, there are some serious revenue impacts coming for Glentel's Canadian Retail Division.

Can anyone on the inside confirm the Telus rumour?