M&A Deal Summary

BCE Acquires Glentel

On November 28, 2014, BCE acquired retailer Glentel for 670M CAD

Acquisition Highlights
  • This is BCE’s 1st transaction in the Retail sector.
  • This is BCE’s 6th largest (disclosed) transaction.
  • This is BCE’s 5th transaction in Canada.
  • This is BCE’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2014-11-28
Target Glentel
Sector Retail
Buyer(s) BCE
Deal Type Add-on Acquisition
Deal Value 670M CAD

Target

Glentel

Burnaby, British Columbia, Canada
Glentel is a mobile phone retailer in Canada. The company has three operating divisions - Canadian Retail, American Retail, and a business division.

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Buyer(S) 1

Buyer

BCE

Verdun, Quebec, Canada
Category Company
Founded 1880
Sector Communications
Employees45,132
Revenue 24.7B CAD (2023)
DESCRIPTION

BCE is a telecommunications company that provides a suite of broadband communication services to residential and business customers throughout Canada. BCE was incorporated in 1880 and is based in Verdun, Quebec.

DEAL STATS #
Overall 5 of 13
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 3 of 11
State (British Columbia) 1 of 1
Country (Canada) 5 of 12
Year (2014) 1 of 1
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-17 Q9 Networks

Toronto, Ontario, Canada

Q9 Networks, Inc. is a provider of outsourced data center infrastructure for mission-critical IT operations. Operates three state-of-the-art data centers in Ontario and Alberta, Canada. Headquartered in Toronto, ON.

Buy CA$1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Manitoba Telecom Services

Winnipeg, Manitoba, Canada

Manitoba Telecom Services, Inc. is a communications company connecting people and places with wireless, high-speed Internet, TV, home phone, and security services plus a full suite of Information Solutions, including Unified Cloud and Managed Services. Company are proud to be Manitoba’s major information and communications technology provider.

Buy $3.9B
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