Xura picks up Mitel mobile unit in end of year splurge
Xura has announced it has entered into definitive agreements to acquire Mitel Mobility to make a play for the potentially lucrative IoT and 5G markets.
Xura has announced it has entered into definitive agreements to acquire Mitel Mobility to make a play for the potentially lucrative IoT and 5G markets.
Canadian business comms company Mitel is set to continue its recent expansion with the $1.96 billion acquisition of US video conferencing outfit Polycom.
Comms equipment maker Mitel has outlined its plan to use cloud technology to keep pace with the changing demands of the mobile-first world.
Talking at the Mobile World Congress 2015, Pardeep Kohli, CEO of Mavenir, which is to be acquired by Mitel, said he believes both VoLTE and rich communications services (RCS) will take off in the US by the end of the year, claiming operators are keen to move on these quickly.
Enterprise communications solutions provider Mitel has confirmed it plans to acquire communications network software vendor Mavenir, after entering a definitive merger agreement. The agreement will see Mitel acquire all outstanding shares of Mavenir common stock in a cash and stock deal valued at approximately $560 million.
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