Home Page News Briefs People Media Telecom Archives About Us GET FREE NEWS UPDATES
Advertising Subscribe Reuse & Permissions
The Hill Times Parliament Now The Lobby Monitor HTCareers

Mitel snaps up Inter-Tel

Briefs | 04/27/2007 1:10 pm EDT

Ottawa-based telecom equipment maker Mitel Networks Corp. is acquiring Tempe AZ-based Inter-Tel Inc., another telecom gear supplier, for US$723 million. The combined company, which includes Inter-Tel subsidiaries Inter-Tel Europe, CTI system provider Swan Solutions Ltd. in West Sussex UK, and small office/ home office (SOHO) equipment seller Lake Communications Ltd. in Ireland, anticipates revenues of over US$800 million – double Mitel's current take, according to an April 26 press release. The merger lets the new-formed firm extend its small and mid-sized business (SMB) portfolio, and expand further into the enterprise space. The deal is expected to close in the third quarter of 2007. Often considered an SMB-focused supplier, Mitel has been trying to improve its enterprise penetration. But lately enterprise-focused rivals such as Cisco Systems Inc. and Nortel Networks have begun a serious push into the SMB arena.

This content is available to wirereport.ca subscribers

Already a subscriber? Sign in here

Unlock all the Canadian telecom, broadcasting and digital media news you need.

Take a free trial or subscribe to The Wire Report now.


Two weeks free access to thewirereport.ca and our exlusive newsletters.

Register for free

* Required


Unlimited access to thewirereport.ca and our exlusive newsletters.


* Required

Reuse & Permissions

Unauthorized distribution, transmission, reuse or republication of any and all content is strictly prohibited. To discuss re-use of this material, please contact:

Customer Care, 613-688-8821 | subscriptions@hilltimes.com