Gelntel Canada Purchase 85% in AMT Australia (Allphones)

Posted in the Middletown Forum

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1 - 2 of 2 Comments Last updated Jun 4, 2013
Concerned

Perth, Australia

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#1
Dec 15, 2012
 
Please investigate
No word from Glentel Canada now that Singtel (Optus / Virgin) has cancelled itsí agreement with Allphones Retail (AMT GROUP) just a couple of months after the acquisition made by Glentel for $75 mil . Will they come up with a plan to rescue Franchisees as the cancellation of the agreement probably represents an 80% loss in revenue ? Will they bring out a statement reassuring everyone ? No Franchisee has had support in Australia from Glentel yet.... no communication !!!! How can it be that this situation occured only 2 months after Glentel acquired 85% stake in Allphones ? Was due dilligence done ? HELP ALL THE FRANCHISEES IN BIG TROUBLE PLEASE !!!!
Still nothing

Australia

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#2
Jun 4, 2013
 
Concerned wrote:
Please investigate
No word from Glentel Canada now that Singtel (Optus / Virgin) has cancelled itsí agreement with Allphones Retail (AMT GROUP) just a couple of months after the acquisition made by Glentel for $75 mil . Will they come up with a plan to rescue Franchisees as the cancellation of the agreement probably represents an 80% loss in revenue ? Will they bring out a statement reassuring everyone ? No Franchisee has had support in Australia from Glentel yet.... no communication !!!! How can it be that this situation occured only 2 months after Glentel acquired 85% stake in Allphones ? Was due dilligence done ? HELP ALL THE FRANCHISEES IN BIG TROUBLE PLEASE !!!!
Still nothing and its 7 months later

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