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Mitel Networks Corp (MNW.TO)

MNW.TO on Toronto Stock Exchange

9.67CAD
30 Nov 2016
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Latest Key Developments (Source: Significant Developments)

Mitel qtrly non-gaap EPS $0.19
Thursday, 4 Aug 2016 06:30am EDT 

Mitel Networks Corp : Mitel reports june quarter results . Qtrly gaap revenues of $307 million, up 11% year-over-year . Qtrly non-gaap contant currency revenue $307.7 million versus $298.4 million . Qtrly non-gaap eps $0.19 . Qtrly gaap loss per share $0.09 . Sees q3 non-gaap revenues $275 million to $295 million .Sees q3 non-gaap eps $0.10 to $0.15.  Full Article

Mitel Networks gets U.S. FTC approval for acquisition of Polycom
Thursday, 19 May 2016 09:03am EDT 

Mitel Networks Corp :Mitel receives U.S. Federal Trade Commission approval for proposed acquisition of Polycom.  Full Article

Mitel Networks Corp revises Q4 2015 guidance
Thursday, 21 Jan 2016 04:01pm EST 

Mitel Networks Corp:Expects Q4 2015 non-GAAP revenues in the range of $330 million to $335 million.Expects Q4 2015 adjusted EBITDA in the range of 17% to 18%.Expects Q4 2015 Non-GAAP EPS in the range of $0.27 to $0.28.  Full Article

Mitel Networks Corp gives Q4 2015 guidance
Thursday, 5 Nov 2015 06:30am EST 

Mitel Networks Corp:Expects Q4 2015 non-GAAP revenues in the range of $315-$340 mln.Expects Q4 2015 adjusted EBITDA in the range of 14% to 17%.Expects Q4 2015 Non-GAAP EPS in the range of $0.22 to $0.27.Q4 2015 revenue of $324 mln, EBITDA of $45 mln and EPS of $0.20 - Thomson Reuters I/B/E/S.  Full Article

Mitel Networks Corp gives Q3 2015 guidance in line with analysts' estimates
Thursday, 6 Aug 2015 06:30am EDT 

Mitel Networks Corp:Expects Q3 2015 non-GAAP revenues in the range of $275 million to $300 million.Expects Q3 2015 non-GAAP EPS in the range of $0.07 to $0.12.Q3 2015 revenue of $294 million and EPS of $0.12 - Thomson Reuters I/B/E/S.  Full Article

Mitel Networks Corp completes acquisition of Mavenir; completes financing
Wednesday, 29 Apr 2015 08:23am EDT 

Mitel Networks Corp:Announced the completion of its acquisition of Mavenir Systems, Inc.Upon completion of the merger, Mavenir became an indirect, wholly owned subsidiary of Mitel.In conjunction with the closing of the acquisition, Mitel completed financing of a $710 million credit facility consisting of a $660 million term loan maturing in April 2022 and an undrawn $50 million revolving credit facility maturing in April 2020.The $660 million term loan is priced at LIBOR, plus 4 pct with a LIBOR floor of 1.00 pct.The undrawn $50 million revolving credit facility is priced at LIBOR, plus 4 pct.Proceeds from the new credit facilities were used to finance the acquisition of Mavenir, repay the about $280.2 million outstanding under Mitel's existing credit facilities and to repay the about $27.3 million outstanding under Mavenir's existing credit facilities.BofA Merrill Lynch and Credit Suisse Securities (USA) LLC were Joint Lead Arrangers and Joint Bookrunners for the new credit facilities.BofA Merrill Lynch acted as financial advisor to Mitel and Morgan Stanley acted as financial advisor to Mavenir in connection with the transaction.  Full Article

Mitel Networks Corp announces definitive agreement to acquire mavenir
Monday, 2 Mar 2015 12:30am EST 

Mitel Networks Corp and Mavenir Systems:Announced that they have entered into a definitive merger agreement in which Mitel will acquire all of the outstanding shares of Mavenir common stock in a cash and stock deal valued at about $560 million.Under the terms of the merger agreement, Mitel will commence an exchange offer pursuant to which Mavenir stockholders will be entitled to elect to receive either all-cash or all-stock consideration for each share of Mavenir common stock.Says in either case with a value of $11.08 plus 0.675 of a Mitel common share, or $17.94 based on the closing price of a Mitel common share on Feb. 27, 2015.  Full Article

Mitel Networks Corp gives Q1 2015 outlook below analysts' estimates
Thursday, 26 Feb 2015 06:30am EST 

Mitel Networks Corp:Expects Q1 2015 revenue to be in the range of $245 to $265 million, reflecting continued volatility in foreign currency exchange markets.Q1 2015 non-GAAP earnings per share is expected to be in the range of $0.13 to $0.16.Q1 2015 revenue of $275 million and EPS of $0.18 - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Mitel Networks Q3 non-gaap EPS $0.12

* Q3 earnings per share view $0.11, revenue view $284.4 million -- Thomson Reuters I/B/E/S