­Vancouver's Glentel, a multi-carrier mobile phone retailer, has agreed to purchase 428 US-based Verizon Wireless franchise stores for $83.3 million (USD).

Operating currently as the Wireless Zone, the acquired outlets fit in well with Glentel's Diamond Wireless chain, which is also a Verizon Wireless National Premium Retailer in the United States.

Thomas Skidmore, Glentel's President and CEO discusses the expansion: "Glentel recently acquired the AMT Group/Allphones in Australia and now we are delighted to welcome Wireless Zone in the United States to our company. Wireless Zone has consistently delivered strong growth in sales and profitability. Wireless Zone complements our Diamond Wireless stores with very little store overlap."

Glentel's presence in the Eastern US is quite heavy now and reaches almost 65 percent of the American population, added Skidmore.

The Wireless Zone buyout now brings the total number of retail locations operated by Glentel in Canada, Australia, and the United States to more than 1,180.

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