Mitel Networks (TSX:MNW) has completed a previously announced $392-million merger with Aastra Technologies, the companies announced late Friday.
The deal will create a company that Mitel says will have US$1.1 billion of combined revenue and 60 million customers worldwide.
The higher revenues “creates the financial scale and operational leverage to drive shareholder value and profitable growth in an opportunity-rich consolidating market,” said Richard McBee, president and CEO of Mitel, in a press release.
(Sponsored)
Preparation is key to preventing legal consequences for dismissal, according to Emond Harnden LLP
Companies contending with the difficult process of dismissing an employee must be very careful about their actions, or face potentially serious legal consequences. Being proactive about maintaining accurate and detailed
For centuries, some of the world’s most accomplished and wealthy families have managed their fortunes through what’s known as a customized, holistic, multi-generational “family office” approach. Quietly and successfully, from
“We now have double the talent, tools and range of solutions to aggressively compete for a greater share of our market.”
On Friday the company also announced that it had completed a $405 million credit facility. It will consist of a $355 million term loan that matures in 2020 and an undrawn $50 million revolving credit facility that matures in 2019.
The new credit facility was used in part to finance the Aastra deal, the company press release said.
