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Mitel Reports First Quarter 2018 Results

OTTAWA, May 2, 2018
Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, today announced financial results for the first quarter ended March 31, 2018. Financial Highlights from Continuing Operations in millions(except per share data)Q1 2018Q1 2017 – As ReportedQ1 2017 – Pro Forma1Historical CurrencyConstant Currency2Historical CurrencyConstant Currency2GAAP Revenues$ 313.8 $ 223.1$ 237.7$ 310.2$ 324.8Non-GAAP Revenues3$ 315.3$ 223.1$ 237.7$ 310.8$ 325.4GAAP Net Income (Loss)($ 21.0)($ 19.7)($ 16.0)($ 45.3) ($ 41.6)Non-GAAP Net Income4$ 18.5$ 10.9$ 14.6$ 7.4$ 11.1GAAP EPS – basic($0.17)($0.

Mitel Enters into Definitive Arrangement Agreement to be Acquired by Affiliates of Searchlight Capital Partners for $2.0 Billion

OTTAWA, April 24, 2018 (GLOBE NEWSWIRE) --
 Mitel shareholders to receive $11.15 per share in cashTransaction provides immediate liquidity and certainty of value to Mitel shareholdersPurchase price represents a 24% premium over the 90-calendar-day weighted average price Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, today announced that it has signed a definitive arrangement agreement to be acquired by an investor group led by affiliates of Searchlight Capital Partners, L.P. (“Searchlight”) in an all-cash transaction valued at approximately $2.0 billion, including Mitel’s net debt.

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