![]() Glentel Inc. Normal Course Issuer BidBurnaby, British Columbia – December 10, 2008 Glentel Inc. (“Glentel”) has filed a Notice of Intention to Make a Normal Course Issuer Bid (the “Notice”) with the Toronto Stock Exchange (the “Exchange”) pursuant to which Glentel indicated that it intends to make a normal course issuer bid for certain of its outstanding Common Shares on the terms set forth in the Notice. At the time of filing the Notice, the Board of Directors of Glentel was of the belief, and continues to be of the belief, that its Common Shares have been trading in a price range which does not adequately reflect their value in relation to Glentel’s business and its future business prospects. As a result, depending upon future price movements and other factors, Glentel believes that the purchase of its outstanding Common Shares may represent a desirable use of a portion of its available funds. On December 3, 2008, 10,772,670 Common Shares of Glentel were outstanding. In the period commencing on December 15, 2008 and ending on December 14, 2009, Glentel intends to acquire up to 250,000 Common Shares of Glentel, being 2.32% of the Common Shares outstanding as at December 3, 2008. Pursuant to the Normal Course Issuer Bid, Glentel will be able to purchase up to 2,384 Common Shares daily, being 25% of the average daily trading volume of Glentel Common Shares, or 9,534 Common Shares, subject to prescribed exemptions. The Exchange has announced a temporary variation of this maximum, so that Glentel will be permitted to purchase up to 50% of its average daily trading volume until March 31, 2009. Any shares purchased pursuant to the Notice will be cancelled. Shares will be purchased at the market price of the shares at the time of purchase and will be purchased on behalf of Glentel by a registered investment dealer through the facilities of the Exchange. The funding for any purchase of Common Shares pursuant to the normal course issuer bid will be financed out of work capital of Glentel. A copy of the Notice may be obtained by any shareholder without charge, by contacting the Corporate Secretary of Glentel at the head office of Glentel or through SEDAR at www.sedar.com. About GLENTEL GLENTEL (TSX: GLN) is a leading provider of innovative and reliable telecommunications services and solutions across North America. 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 boasts more than 250 locations across Canada located in retail malls, 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 engineering and service, rental equipment, satellite and terrestrial network systems, and wireless asset monitoring. GLENTEL operates its business under the trading names WirelessWave, WIRELESS etc., The Telephone Booth (Tbooth and la cabine T) and GLENTEL Wireless. NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN. FOR MORE INFORMATION Investor Relations Contact:
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To secure a copy of Glentel’s annual report or for additional information, visit www.glentel.com or www.sedar.com. ![]() |


