Mitel Announces Pricing of Initial Public Offering of Common Shares
OTTAWA, April 22, 2010
Mitel Networks (Nasdaq:MITL), a leading provider of IP-based communications solutions, today announced the pricing of its initial public offering of 10,526,316 common shares at a price to the public of US$14.00 per share
Mitel Networks offers a comprehensive portfolio of IP-based communications solutions, which consists of IP telephony platforms, unified communications and collaboration applications and managed and network services. By integrating voice, video and data communications with business applications, Mitel enables businesses to improve their performance. Mitel is a leader in the market evolution to unified communications and collaboration, enabling customers to move beyond basic fixed telephony and disparate communications tools toward integrated multi-media communications and collaboration between users, wherever they may be located. Mitel's U.S. headquarters are in Phoenix, Arizona. Global headquarters are in Ottawa, Canada, with offices, partners, and resellers worldwide.