Glentel Inc., a retailer of mobile products and services, said Thursday that its fourth-quarter revenue was up 32.8 per cent from a year earlier to $533.1 million, though its quarterly profit declined to $830,000 from $8.3 million. Glentel, which operates outlets such as Wireless Wave and Tbooth Wireless, said in a press release that Canadian sales were up 20 per cent in the quarter. It said the mobile market in Canada "appears to be recovering from the negative ramifications" of the wireless code that took effect in late 2013. The company said sales at its U.S. operations were up 47 per cent. Glentel shareholders in January approved a deal that would see it bought by BCE Inc. for about $670 million. Bell had a reached a deal to sell Rogers Communications Inc. half of Glentel upon closure of the transaction. The followed an attempt by Rogers to block the initial deal between Bell and Glentel in court as Rogers argued that it had an agreement with the retailer giving it veto power over an ownership change. Glentel said Thursday that closure of the sale to Bell is "subject to certain conditions which have not yet been fulfilled." Scotia Capital analyst Jeff Fan said in a research note Thursday that the companies are awaiting the OK from the Competition Bureau, which he said might require certain conditions before approval.