Glentel completes $83 million purchase of Wireless Zone

BURNABY, BC, Glentel has completed a 100% share, $83.3 million purchase of Connecticut-based Automotive Technologies (ATI) which operates Wireless Zone, a 428-store franchise system in the United States that sells Verizon Wireless products and services. "I am pleased to announce the successful acquisition of ATI, and to welcome ATI's employees and Wireless Zone's franchisees to the Glentel family," stated Tom Skidmore, Glentel's President and Chief Executive Officer. "The acquisition of Wireless Zone increases our already-established US presence, and with limited geographic overlap will complement the corporate stores of Diamond Wireless, one of six exclusive Verizon National Premium Retailers. The addition of ATI...