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TheStreet Open House

Mitel Completes Merger With Aastra

  • US$1.1 billion in diversified annual revenue
  • #1 market share in Western Europe
  • US$100 million global cloud business
  • Global customer base of 60 million customers

OTTAWA, Jan. 31, 2014 (GLOBE NEWSWIRE) -- Mitel® Networks Corporation (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, today announced it has completed its merger with Aastra Technologies Limited. With US$1.1 billion of combined annual revenue and 60 million customers worldwide, Mitel now has one of the largest global footprints in the industry and is driving consolidation in the US$18 billion business communications market. 

Clear Market Leadership

With #1 market share in Western Europe and a top five position globally*, Mitel is well positioned to capitalize on a massive global growth opportunity as the market begins a long-term migration to cloud-based services.

"With this merger the combined annual revenue of Mitel exceeds a billion dollars, which we believe creates the financial scale and operational leverage to drive shareholder value and profitable growth in an opportunity-rich consolidating market," said Richard McBee, President and Chief Executive Officer of Mitel. "We now have double the talent, tools and range of solutions to aggressively compete for a greater share of our market."

Customer Choice with the Best Path to the Cloud

Mitel offers the most comprehensive portfolio in the industry, covering the entire customer and market landscape. From digital to IP to Cloud; from platforms to applications to devices; for the very smallest business to the very largest enterprise, Mitel's portfolio now offers customers ultimate control to maintain, migrate, or upgrade their business communications systems at their own pace.

With the best path to the cloud – private, public or hybrid – Mitel's integrated portfolio enables a significant competitive advantage and ideally positions the company to serve customers and channels globally, regionally, and vertically; now and well into the future.

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