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Mitel News

Mitel to Present at the Oppenheimer 20th Annual Technology, Internet & Communications Conference

OTTAWA, Ontario, Aug. 03, 2017 (GLOBE NEWSWIRE)
Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in enterprise business communications, today announced that its management team will be participating at the Oppenheimer 20th Annual Technology, Internet & Communications Conference in Boston at the Four Seasons Hotel in Boston. Steve Spooner, Chief Financial Officer, will present an update on the company during a presentation scheduled for Wednesday, August 9, 2017 at 3:05 p.m. ET. Interested parties can access available presentations and webcasts on the Investor Relations section of the company's website at http://investor.mitel.com/.

Mitel Reports June Quarter Results

OTTAWA, July 27, 2017 (GLOBE NEWSWIRE)
Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in enterprise communications, today announced financial results for the second quarter ended June 30, 2017. "During the quarter, Mitel experienced a distinct acceleration by its customers into hosted cloud solutions and services. That shift manifested itself in a record level of cloud bookings for the company," said Rich McBee, Chief Executive Officer.

Mitel announces definitive agreement to acquire ShoreTel

OTTAWA and SUNNYVALE, Calif., July 27, 2017 (GLOBE NEWSWIRE)
Accelerates Mitel's path to growth  Delivers attractive shareholder value with $60 million in expected synergies Moves Mitel into a #2 position in UCaaS market Expected to be accretive in the first year Mitel (Nasdaq:MITL) (TSX:MNW) and ShoreTel (Nasdaq:SHOR) today announced that they have entered into a definitive merger agreement pursuant to which Mitel will acquire 100% of the outstanding shares of ShoreTel common stock in an all-cash transaction at a price of $7.50 per share, or a total equity value of approximately $530 million and a total enterprise value of approximately $430 million.

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