Press release from CNW Group
Glentel Enters Philippines Market - Opens 1st Store
Tuesday, April 30, 2013
Glentel Enters Philippines Market - Opens 1st Store21:26 EDT Tuesday, April 30, 2013
BURNABY, BC, April 30, 2013 /CNW/ - GLENTEL Inc. (TSX: GLN) announced today the opening of the Marikina ALLPHONES store in Manila, Philippines, by its Retail Australia Division, AMT Group Pty, dba ALLPHONES. AMT operates 200 retail mobile phone stores nationwide in Australia.
AMT Group Pty has entered into a Retail Management Services (RMS) agreement with Tao Corporation (TAO), Makati City, Philippines, to initially open up to 250 mobile phone stores in Manila and surrounding islands of the Philippines.
"The opening of our Marikina ALLPHONES store marks a significant milestone for our AMT Group as Marikina is our first retail outlet outside of Australia," stated Shaun Colligan, Managing Director of GLENTEL's AMT Group Pty. "The prospect of having up to 250 outlets in the Philippines is one that not only provides a huge new opportunity for our people but also allows a new and exciting growth avenue for the Group."
"This is a wonderful opportunity for our AMT Group and our Australia management team to expand into Southeast Asia, providing our retail management services expertise and leveraging our proprietary mobile phone retail system in the Philippines with Tao Corporation," stated GLENTEL's President and Chief Executive Officer, Thomas Skidmore.
The RMS agreement commits AMT to license its ALLPHONES brand and store design to the project. Under an IP and Technology transfer agreement, AMT also agrees to deliver software, technology and consultation to TAO to support the management of the new retail store network. AMT will set up a training academy in Manila with TAO to train the retail team on the AMT sales and service culture and the technology deployed by AMT to effectively manage and grow the postpaid mobile phone business. The population of the Philippines is 95 million, with over 20 million people living in the Greater Manila area. The majority of mobile phones in the Philippines are purchased with a prepaid plan, whereas the new retail stores will be located in malls and power centres selling mobile phones activated on higher-margin postpaid plans and accessories.
Celebrating its 50th anniversary in 2013 and based in Burnaby, BC, Canada, GLENTEL (TSX: GLN), is the largest independent multi-carrier mobile phone retailer in Canada and Australia. In the United States, GLENTEL operates two of the six National Premium Retailers for Verizon Wireless. GLENTEL is a leading provider of innovative and reliable wireless communications services and solutions, offering a choice of network carrier and wireless or mobile products to consumers and commercial customers.
GLENTEL's brands - GLENTEL Wireless, WIRELESSWAVE, WAVE SANS FIL, Tbooth wireless, la cabine T sans fil, WIRELESS etc.., SANS FIL etc., Mac Station, iStation, Diamond Wireless, Wireless Zone® and ALLPHONES - span four countries and three continents. The Company employs over 3,800 employees and operates more than 1,200 locations, including more than 360 locations in Canada located in retail malls, Costco Wholesale stores, Target stores, and business centres; more than 630 retail locations in the United States; and 200 retail locations in Australia and the Philippines. Target Canada has licensed GLENTEL to open and operate in 2013 more than 120 mobile communications sales and service kiosks within its stores, under the brand Target® Mobile, of which 24 are now open.
Statements in this release relating to matters that are not historical fact are forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to, general economic conditions, changes in technology, reliance on third-party manufacturing, managing rapid growth, limited intellectual property protection, and other risks and uncertainties described in GLENTEL's public filings with securities regulatory authorities.
NO STOCK EXCHANGE, SECURITIES COMMISSION, OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.
SOURCE: Glentel Inc.
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Jas Boparai, Chief Financial Officer
For a copy of GLENTEL's annual report or for additional information visit www.glentel.com or www.sedar.com.