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Canadian telecom services provider Mitel Networks Corp said on Monday it has withdrawn its bid to buy smaller U.S. peer ShoreTel Inc , after ShoreTel refused to engage in any...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...
Reuters  Nov 10  Comment 
Canadian telecommunications provider Mitel Networks Corp raised its offer for smaller U.S. peer ShoreTel Inc, after ShoreTel did not accept its earlier offer.
TheStreet.com  Nov 7  Comment 
Though ShoreTel Inc. has rebuffed his $540 million acquisition offer, Mitel Networks Corp. chief executive Rich McBee is adamant that consolidation is coming to business phone, conference and communications providers, and quickly. "When you...
Reuters  Oct 20  Comment 
Mitel Networks Corp , a provider of internet phone and video-conferencing services, said it offered to buy smaller peer Shoretel Inc for about $540 million.
SeekingAlpha  Aug 8  Comment 
Mitel Networks (NASDAQ:MITL) Q2 2014 Earnings Call August 07, 2014 8:30 am ET Executives Michael W. McCarthy - Vice President of Investor Relations Richard D. McBee - Chief Executive Officer, President and Director Steven E....
StreetInsider.com  Aug 4  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Mitel+Networks+%28MITL%29+Receives+NJPA+Contract/9716364.html for the full story.


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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