Cable / Telecom News

Glentel sells part of tower business to SBA


BURNABY, B.C. – Wireless retailer company Glentel Inc. announced today SBA Communications Corp. completed the purchase of a portion of Glentel’s tower business assets for $3 million. The company first announced last August that it had agreed to sell its non-core tower assets to SBA, and had estimated a sale price of “up to” $12 million. Glentel has agreed to sell additional tower business assets to SBA, with an expected close by June 30, 2013. Glentel is the largest independent multi-carrier mobile phone retailer in Canada with over 545 corporate stores, with more than 330 locations in Canada located nationally in...