Glentel continues US expansion with acquisition of Wireless Zone

Glentel's foray into the US is recent, considering the company's long history. In 2010, sensing its model had saturated the Canadian market, Glentel went south for the first time, buying a controlling stake in Diamond Wireless, a major third-party reseller of Verizon Wireless products in the U.S.

Glentel (TSX:GLN) today announced it has completed the acquisition of Wireless Zone, a 428-store franchise system in the United States that sells Verizon Wireless products and services. The Burnaby-based owner of Wireless Wave and T-Booth Wireless stores paid (US) $83.3 million for the franchise. CEO Tom Skidmore talked about his company’s growing geographic footprint. “I [...]

Glentel teams up with Target

Under the terms of the deal, Target Canada will license the operation of mobile communication sales and services display fixtures within its stores to Glentel under the brand Target Mobile.

Target Corp. (NYSE:TGT) said Thursday it has teamed up with Canadian multi-carrier mobile phone retailer Glentel (TSX:GLN), with Glentel to offer an array of wireless devices to customers when the discount chain opens its stores in Canada in 2013. Under the terms of the deal, Target Canada will license the operation of mobile communication sales [...]

Last week’s five hottest Canadian tech stocks

Intelgenx CEO Horst Zerbe. Shares of the company have risen steadily throughout 2012.

A summer long rally has moved the TSX a thousand points, returning it to levels it had established before a spring swoon. The resurgence has been underpinned by stronger metals prices; gold is up 11.6% since late June, and silver has gained 26% in the same period. Technology stocks seem to remain a picker’s market, [...]

Vancouver’s Five Most Valuable Tech Stocks

Vancouver's economy has never really leaned to heavily on any one sector. The film business, tourism, the city's busy port and -ahem- a certain cash crop have almost always ranked higher in the minds and pocketbooks of Vancouverites. Today, however, tech is on a decided upswing in the area.

A little of this, a little of that. Vancouver’s economy has never really leaned too heavily on any one sector. The film business, tourism, the city’s busy port and, ahem, a certain cash crop have almost always ranked higher in the minds and pocketbooks of Vancouverites. The closest Lotus Land has come to the equivalent [...]

Is Telus Taking a Page from Glentel’s Playbook?

A screenshot from a Telus ad for its Learning Centre. Were the retail outlets inspired by Glentel's Wireless Wave stores?

Churn rate, the buzz phrase for how many customers Canadian wireless providers are losing, is something they all wish would go away. Rogers, like most other wireless providers in North America, is losing customers. The churn rate of Canada’s largest wireless provider is now 1.73%. That’s better than rival Bell’s, whose rate is over 2%, [...]

Facebook IPO Spotlights US Tech, but Canadian Techs are More Profitable

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Social media juggernaut Facebook today filed its IPO papers. The offering, which will be underwritten by Morgan Stanley, JPMorgan Chase and Goldman Sachs, amongst others, will value the company at nearly $100 billion, making it the largest internet IPO ever. The company’s form S-1 registration reveals, predictably, that revenue and profit have been climbing for [...]

2012′s Top Tech Trends (And the Canadian Stocks that may Benefit)

Duncan Stewart Director, Research Technology, Media & Telecommunications for Deloitte Canada. Stewart is currently crossing Canada on the Deloitte TMT Predictions Tour. You wish you had his air-miles.

Back to the future. At Cantech Letter, we spent much of December rewarding the best of 2011. This resulted in Ottawa’s MOSAID winning 2011 Canadian Tech Stock of the Year, and crosstown rival Jim Skippen of Wi-LAN taking home the award for Canadian Tech Stock Exec of the Year. Today, we look forward. Every year, [...]

2010 Canadian Tech Stock of the Year: Glentel

Tom Skidmore, President and CEO of Glentel, left, accepts the Cantech Letter award for 2010 Technology Stock of the Year.

In British Columbia, Glentel’s roots run deep. After closing the year near the $25 mark, nearly double where it began 2010, casual observers could be excused for imagining that the Burnaby based “Wireless Wave” operator has always been firmly ensconced as a leader here. But Glentel’s story has more twists and turns than the Fraser River, which empties into the Pacific a few miles from the company’s head office. Cantech Letter’s Nick Waddell sat down with Glentel CEO Tom Skidmore to talk about this past and the pheneomenal year the company had. Oh, and to present Glentel with Cantech Letter’s 2010 Canadian Tech Stock of the Year.

Cantech Letter adds Stock #19 to Model Portfolio

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Today we provide a long overdue update to the Cantech Letter Model Portfolio, both in content and in the way we report its performance to you. Our Model Portfolio, for those new to Cantech Letter, is a collection of Canadian technology stocks that rank exceptionally highly in our own Quant Snapshots feature. You’ve seen Quant [...]

Cantech Awards: The Numbers

Karsan: "Glentel's stock performance illustrates how value investors can profit from such companies in two ways: earnings growth, and multiple expansion. When these two forces combine, as they did with Glentel over the past year, returns for investors can be phenomenal"

The voting for 2010 Canadian Tech Stock of the Year contained some obvious choices. SXC Health, for instance, added a billion dollars in market value and posted a 40% top line gain. Westport Innovation’s stock continued a dramatic run that began in 2009. In 2010 it was also revealed that legendary investor George Soros became [...]