GLENTEL, a leading provider in telecommunications services and solutions based out of Burnaby BC, has agreed to acquire 81.5% of Diamond Wireless LLC, from Salt Lake City Utah.

GLENTEL currently operates more than 280 locations across Canada located in retail malls and some store front locations. As the largest multi-carrier mobile phone retailer in Canada, GLENTEL offers a choice of network carrier and wireless device or phone. Perhaps more familiar to customers are their trading names GLENTEL Wireless, WirelessWave, The Telephone Booth and WIRELESS Etc.

The purchase of Diamond Wireless helps to further establish GLENTEL’s expansion in to the United States according to President and CEO Thomas Skidmore. “We endorse Diamond’s business plan to grow with profitability representing Verizon Wireless, under the continued leadership and commitment of Diamond’s President and Chief Operating Officer, Troy Crosland, and his existing management team.”

With 128 currently operating stores throughout the United States and as a “premium retailer” of Verizon Wireless products, it’s is easy to see why Diamond Wireless was such an attractive purchase.

The transaction is expected to close on October 1, 2010, and is obviously subject to many terms and conditions. The total purchase price is USD $50,450,000.

[via CNW]

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