SeekingAlpha  Sep 10  Comment 
Benzinga  Mar 4  Comment 
In a report published Wednesday, Imperial Capital analyst Ashok Kumar downgraded the rating on Mavenir Systems, Inc. (NYSE: MVNR) from Outperform to In-Line, but reiterated the $18.00 price target. In the report, Imperial Capital noted, "We are...
Motley Fool  Mar 2  Comment 
What investors need to know about Mitel's big acquisition.
Wall Street Journal  Mar 2  Comment 
Mitel Networks has agreed to buy telecommunications provider Mavenir Systems for about $560 million in cash and stock, in a bid to capitalize on the growing demand for 4G LTE services.
Reuters  Nov 17  Comment 
Canadian telecom services provider Mitel Networks Corp said on Monday it has withdrawn its bid to buy smaller U.S. peer ShoreTel Inc , after ShoreTel refused to engage in any...
Reuters  Nov 12  Comment 
U.S. telecommunications provider ShoreTel Inc rejected Canadian peer Mitel Networks Corp's higher bid, saying it "significantly undervalued" the company.
Benzinga  Nov 10  Comment 
ShoreTel® (NASDAQ: SHOR) (the "Company"), the leading provider of brilliantly simple phone systems and unified communications solutions, today confirmed that it has received a revised, unsolicited proposal from Mitel Networks Corporation...


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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