Bell to Acquire Mobile Phone Distributor Glentel for $670 Million

BCE and GLENTEL, today announced that they have entered into a definitive agreement whereby BCE will acquire all of the issued and outstanding shares of GLENTEL, the Canadian-based multi-carrier mobile products distributor.

Valued at approximately $670 million, the transaction enhances Bell's strategy to accelerate wireless and improve customer service in a competitive wireless marketplace, while providing additional value to GLENTEL shareholders.

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