Mitel News

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.

Mitel to Announce First Quarter 2018 Financial Results on Thursday, May 3, 2018

OTTAWA, April 18, 2018 (GLOBENEWSWIRE)
Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, today announced that it will release its first quarter 2018 financial results for the period ended March 31, 2018 before the market opens on Thursday, May 3, 2018.The company will host an investor conference call and live webcast at 8:30 a.m. ET (5:30 a.m. PT) on the same day. To access the conference call, dial 888-734-0328. Callers outside the US and Canada should dial 678-894-3054. The conference ID is 5982417.

Mitel Executive Mike Conlon Recognized as 2018 CRN Channel Chief

DALLAS, April 18, 2018 (GLOBENEWSWIRE)
 Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, announced today that CRN®, a brand of The Channel Company, has named Mike Conlon, Vice President of Global Channels for Mitel, to its prestigious list of 2018 Channel Chiefs.

Mitel Takes Customers to the Cloud with New Communications and Collaboration Application for Small Businesses

OTTAWA, April 11, 2018 (GLOBE NEWSWIRE)
Bundles easy-to-use collaboration features into a single mobile application.Optimizes small business budgets with as-a-service commercial option for the most in demand communications and collaboration capabilities.Leverages Mitel CloudLink enabling small businesses to move to the cloud at their own pace by connecting existing communications assets to the cloud. Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, today announced the launch of Mitel OfficeLink, a custom-built, cloud-based application that provides small businesses with key unified communications (UC) fea

Mitel Announces Definitive Agreement to Sell DeTeWe to German ICT Systems Integrator Ostertag Group

OTTAWA and STUTTGART, Germany, March 22, 2018 (GLOBE NEWSWIRE)
 Mitel focuses on UCC market; disposes of non-core systems integration business; aligns go-to-market model across EuropeOstertag strengthens position as a prime Systems Integrator in Germany for ICT and cloud solutions; adds scale, regional coverage and innovative technical skillsMaintains DeTeWe, as part of Ostertag, as a Mitel channel partner in Germany, enabling seamless continuity for customers and employeesOTTAWA and STUTTGART, Germany, March 22, 2018 (GLOBE NEWSWIRE) -- Mitel (Nasdaq:MITL) (TSX:MNW) and Ostertag Holding GmbH (HRB 732189) today announced that they have entered into a def

Mitel Enhances its Distribution Strategy by Shifting On-Site Portfolio in the U.S.

OTTAWA, March 15, 2018 (GLOBE NEWSWIRE)
Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, today announced an expansion of its partnership with ScanSource (Nasdaq:SCSC) to streamline the distribution of its on-site products in the United States and to better equip U.S. partners with the high-value tools, services, and support needed to grow. Today's announcement is the next in a series of strategic steps to align Mitel's go-to-market approach globally. This follows the recent announcement of Mitel's new global partner program and the company's intent to leverage the strengths of distribution.

Synergy Research Reports Mitel Leads in UCaaS Subscriber Growth for Q4 2017

OTTAWA, March 13, 2018 (GLOBE NEWSWIRE)
Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, announced today that independent research firm Synergy Research Group has confirmed its lead in unified communications as a service (UCaaS) subscriber growth for the fourth quarter of 2017 as the company added more seats than the combined totals of three of its competitors. Reflecting continued strong demand, Mitel's overall UCaaS subscriber numbers also increased more than 60 percent compared with the previous year.   Market Leaders   Quotes

Tottenham Hotspur Chooses Mitel Unified Communications to Support World-Class Entertainment Experience at its New Stadium

MUNICH, Germany and OTTAWA, March 07, 2018 (GLOBE NEWSWIRE)
English Premier League Football Club selects Mitel unified communications infrastructure to help create one of the most technologically advanced stadiums in the world.Mitel's multi-channel contact centre platform will support critical customer service functions for fans. Mitel solutions to enhance Tottenham Hotspur customer service capabilities helping to create a world-class experience including premium hospitality and retail.Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, has secured a contract with leading English Premier League Football Club, Tottenham Hotspur,