Investor Relations

 
Overview
 
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 three operating divisions – Retail Canada, Retail US and Business – that service thousands of consumers and commercial communications customers. The company operates 304 stores across Canada located primarily in retail malls and Costco Wholesale, as well as 177 retail locations in the United States. To its business and government customers, GLENTEL offers wireless service, rental equipment, satellite and terrestrial network systems, tower sites, and wireless asset monitoring. As the largest multi-carrier mobile phone retailer in Canada, it offers a choice of network carrier and wireless device or phone to Canadian consumers. GLENTEL operates its business under the trading names Glentel Wireless, WIRELESSWAVE, WAVE SANS FIL, Tbooth wireless, la cabine T sans fil, WIRELESS etc. and SANS FIL etc., and Diamond Wireless – Verizon Premium Retailer in the U.S.
 
Q3 2011 Highlights
 

·         GLENTEL reported increased sales and earnings in the 3rd quarter of 2011 as consolidated sales grew 55%  and earnings increased by 24%.

·         Retail Canada Division sales increased 13% in the 3rd quarter of 2011 versus the prior-year period.

·         The Retail Canada Division opened seven new store locations.

·         The Retail U.S. Division opened four new stores in the 3rd quarter of 2011. Diamond Wireless (“Diamond”) now operates in 14 U.S. states, having opened one store in the state of Alabama, and operated 171 stores at the end of the period.

·         On October 4, 2011, GLENTEL declared a quarterly dividend of $0.074 per common share (post 2 for 1  stock split) with a record date of October 14, 2011, and payable on October 28, 2011.

·         Consolidated net income and basic earnings per common share for the 3rd quarter ending September 30, 2011 were $8,106,000, $0.37 per share, compared to $6,551,000, $0.30 per share, the previous year.