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Utilities M&A image Utilities M&A » By The Online Investor Staff, updated Sat., Apr. 17, 8:06 AM Recent mergers and acquisitions in the Utilities M&A category.

Slide #57. Mitel Networks Corporation Aastra Technologies Limited

Acquirer: Mitel Networks Corporation (MITL)
Acquiree: Aastra Technologies Limited
Details: 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.

Mitel Networks is a provider of cloud and enterprise communications and collaboration solutions. Co.'s segments include: Cloud, which provides a range of private, public, hybrid and mobile Software as a Service solutions for businesses as well as cloud-based telephone and network services in the U.S.; and Enterprise, which provides a range of unified communications and collaboration solutions, which address and support the spectrum of technology specifications - from digital to IP to cloud to mobile, and from platforms to applications to end-user devices. Co.'s enterprise solutions include its virtualization capabilities and desktop and mobile applications.

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Company Name: 
Mitel Networks Corp
Stock buyback: 
MITL buyback
Communications Services

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Buy (3.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
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