Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, today announced the completion of its acquisition of Mavenir Systems, Inc, creating a global leader in converged IP communications for enterprises, service providers and mobile operators. With the acquisition of Mavenir,
"With Mavenir part of
"The move to LTE mobile networks has created a valuable opportunity for service providers to leverage a converged all-IP network to offer feature-rich business and consumer communication services on any device, anywhere, on any access network," said
Attractive Debt Financing Reflects Sound Financials
In conjunction with the closing of the acquisition,
Proceeds from the new credit facilities were used to finance the acquisition of Mavenir, repay the approximately
Transaction Information for Mavenir Stockholders
As previously announced, the Cash Consideration and the Share Consideration (each as defined in
*Source: DellOro, Infonetics, Markets&Markets
Forward Looking Statements
Some of the statements in this press release are forward-looking statements (or forward-looking information) within the meaning of applicable U.S. and Canadian securities laws. These include statements using the words believe, target, outlook, may, will, should, could, estimate, continue, expect, intend, plan, predict, potential, project and anticipate, and similar statements which do not describe the present or provide information about the past. There is no guarantee that the expected events or expected results will actually occur. Such statements reflect the current views of management of
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