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Mitel buys Polycom for $1.96 billion
2016-04-18 02:00:00| Total Telecom industry news
Enterprise services business says it expects deal to close in third quarter, pending shareholder and regulatory approvals.
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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.
DragonWave And Mitel Collaborate To Advance Development Of 5G Networking
2016-04-01 09:42:57| rfglobalnet Home Page
DragonWave Inc. (TSX:DWI)(NASDAQ:DRWI) and Mitel (TSX:MNW)(NASDAQ:MITL) today announced a joint initiative focused on advancing the development of 5G networking.
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Mitel Announces Definitive Agreement to Acquire Mavenir
2015-03-05 11:31:10| Industrial Newsroom - All News for Today
BARCELONA, Spain * Solidifies comprehensive portfolio of unified communications (UCC) and rich communications services (RCS) across fixed and mobile environments * Significantly expands Mitel's addressable market and capitalizes on immediate growth of Voice over LTE (VoLTE) as mobile carriers make the move to all...
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Mitel to buy Mavenir Systems for USD 560 mln
2015-03-02 09:04:00| Telecompaper Headlines
(Telecompaper) Mitel has signed a definitive deal to take over networking equipment provider Mavenir Systems for USD 560 million. Mitel will acquire all of Mavenir's outstanding shares in a cash and stock deal. Mavenir stockholders will get either all-cash or all-stock for each Mavenir share, with a value of USD 11.08 plus 0.675 of a Mitel common share, or USD 17.94 based on the Mitel closing price on 27 February. Upon closing, Mavenir will become the mobile business division of Mitel, operating under the brand Mavenir. Pardeep Kohli will join Mitel in the role of Mavenir president, reporting to Rich McBee. With the acquisition, Mitel expects to expand its total addressable market by USD 14 billion by 2018, and be well positioned to capitalize on increasing demand for LTE services. The deal extends Mitel's service provider and mobile operator footprint to over 130 operators, including 15 of the top 20 mobile carriers worldwide, covering 2 billion subscribers. Mitel said it will finance the deal using cash on hand and with proceeds from new senior secured credit facilities.