Industry veteran explains the thinking behind the purchase, Mitel’s M&A strategy and why businesses are losing interest in managing their phone and communication systems in-house.
“We’re growing the company by about 30 per cent overnight."
On the news that Toshiba Corp. is leaving the telecom business, Ottawa’s Mitel has swooped in to acquire the assets and maintenance obligations the Japanese giant is leaving behind.
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Mitel Networks CEO Rich McBee struck an optimistic tone about the Ottawa-based firm’s post-mobile future, despite announcing a loss in the company’s fourth quarter Thursday.
Less than a month after communications company Avaya filed for bankruptcy protection, local competitor Mitel has begun targeting its Kanata neighbour’s clients.