Glentel to Acquire The Telephone Booth Stores from Hartco

Thursday 24 March 2005 11:14 CET | News

Glentel Inc., and Hartco Corporation jointly announced that a binding letter of offer has been signed whereby Hartco agrees to sell to Glentel, for cash, all issued and outstanding shares of Cabtel Corporation, headquartered in Montréal, Quebec.

The transaction is expected to close by May 31, 2005 and is subject to the fulfillment of certain customary conditions. Glentel is an international wireless solutions provider operating 97 corporate locations in Canada, including 86 WirelessWave mall-based multi-carrier cellular stores. With over 25 years in business, Cabtel is one of Canadas leading mall-based, multi-vendor telecommunication specialty retailers, servicing the general public with 49 stores operating as The Telephone Booth, and La Cabine Téléphonique in Québec.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce