Home / Mitel completes merger with Aastra

Mitel completes merger with Aastra

Business comms specialist claims it now has $1.1bn in combined annual revenue

Mitel completes merger with Aastra

Mitel Networks Corporation today announced it has completed its merger with Aastra Technologies Limited.

"With $1.1bn of combined annual revenue and 60m customers worldwide, Mitel now has one of the largest global footprints in the industry and is driving consolidation in the $18bn business communications market," the company said in a statement.

Mitel claims it is number-one in market share in Western Europe and has a top-five position globally. The company hopes to capitalise on a massive global growth opportunity as the market begins its long-term migration to cloud-based services.

"With this merger the combined annual revenue of Mitel exceeds $1bn, which we believe 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 chief executive officer of Mitel. "We now have double the talent, tools and range of solutions to aggressively compete for a greater share of our market."

Follow us to get the most comprehensive technology news in UAE delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.