Benzinga  Jan 22  Comment 
Shares of Mitel Networks Corp (NASDAQ: MITL) were trading higher by nearly 7 percent early Friday morning after the company revised its fourth quarter guidance and offered a business update. Mitel announced after Thursday's market close it...
SeekingAlpha  Oct 29  Comment 
MarketWatch  Oct 8  Comment 
Billionaire investor Paul Singer’s hedge fund, Elliott Management Corp., has made over $25 million on its stakes in Polycom and Mitel Networks in one day, after it said Polycom should buy Mitel.
MarketWatch  Oct 8  Comment 
Elliott Management discloses stakes in Polycom and Mitel Networks, and urges the telecom companies to merge to increase profitability.
Reuters  Oct 8  Comment 
Activist hedge fund Elliott Management Corp disclosed stakes in U.S. video-conferencing equipment maker Polycom Inc and Canadian telecoms provider Mitel Networks Corp and pushed for a...
Benzinga  Oct 8  Comment 
Today, Elliott Management Corporation ("Elliott") disclosed active stakes and accompanying 13-D filings in Polycom, Inc. ("Polycom") (NASDAQ: PLCM) and Mitel Networks ("Mitel") (NASDAQ: MITL) and sent the following letter to the Board of Directors...
SeekingAlpha  Sep 10  Comment 


Mitel Networks (MITL) (NASDAQ:MITL) is a service company that provides integrated communication solutions for small-to-medium corporations (SME). Its products integrates voice, video, and data communications with business applications. The company heavily invests in Internet Protocol (IP) based communications to research new technologies, having over 1,600 patents and pending applications. [1]

Many companies have a data network which uses Internet Protocol, while separating its voice communication by using telephones. The use of the simple telephone network prevents it from integrating with other business applications. As a result, businesses are shifting to using IP-based communications. [1]

The company's initial public offering of stock filed on the NASDAQ exchange on 22 December 2009. The proposed offer price range is $18.00-$20.00. The company is offering 10.5 million shares and raising $200 million. [1]

For the nine months ended 31 January 2010, the company reported $484.0 million in total revenue, down 14% from $563.7 million in total revenue for the nine months ended 31 January 2009. Furthermore, the company had $15.2 million in net income for the nine months ended 31 January 2010, down 74% from $58.5 million in net income for the nine months ended 31 January 2009. [1]


  1. 1.0 1.1 1.2 1.3 Mitel Networks F-1/A
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