Home Canada's Mitel to acquire Polycom for USD 1.96 bln
 

Keywords :   


Canada's Mitel to acquire Polycom for USD 1.96 bln

2016-04-15 13:58:00| Telecompaper Headlines

(Telecompaper) Canadian business cloud and mobile communications company Mitel Networks has announced a deal to acquire Polycom, a US-based provider of video, voice and content collaboration products, for a total of USD 1.96 billion. Under the terms of the deal, Polycom stockholders will get USD 3.12 in cash and 1.31 Mitel shares for each of their shares, said Mitel, adding that the aim is to combine Mitel's global communications expertise with Polycom's well-known brand and portfolio in the conference and video collaboration market to create a company with EUR 2.5 billion in annual revenues.

Tags: usd acquire polycom bln

Category:Telecommunications

Latest from this category

All news

»
02.11Subtropical Storm Patty Graphics
02.11Tropical Storm Lane Graphics
02.11Tropical Storm Lane Wind Speed Probabilities Number 5
02.11Tropical Storm Lane Forecast Advisory Number 5
02.11Tropical Storm Lane Public Advisory Number 5
02.11Summary for Tropical Storm Lane (EP3/EP132024)
02.11Subtropical Storm Patty Forecast Discussion Number 3
02.11Subtropical Storm Patty Wind Speed Probabilities Number 3
More »