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Glentel Inc Completes Acquisition Of Wireless Zone


Friday, 30 Nov 2012 07:37pm EST 

Glentel Inc announced that it has completed the 100% share purchase of Middletown, Connecticut-based Automotive Technologies, Inc. (ATI) dba Wireless Zone, a 428-store franchise system in the United States that sells Verizon Wireless products and services. The total purchase price for 100% stock and other consideration was USD83.3 million. GLENTEL funded the acquisition through USD22.3 million of cash and a CAD61.0 million five-year syndicated senior credit facility. 

Company Quote

11.96
-0.05 -0.42%
17 Apr 2014