BCE, Rogers to jointly own Glentel retail network

Rogers Communications has reached an agreement with rival telecoms group BCE under which the two companies will jointly own Glentel’s Canadian retail distribution outlets once the pending acquisition of Glentel by BCE is completed. As part of the agreement, Rogers will withdraw its recently filed court application for an injunction against the takeover, pending closure of the agreement with BCE. A press release indicated that the deal ensures customers across Canada will continue to be offered wireless products and services from a choice of telecoms network operator at Glentel’s 494 retail locations across Canada (which are run under names including WirelessWave, Tbooth wireless, Wireless Etc and Target Mobile).