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Mitel Networks Corp (MNW.TO)

MNW.TO on Toronto Stock Exchange

12.85CAD
20 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Mitel Announces Definitive Agreement To Sell DeTeWe To German ICT Systems Integrator Ostertag Group
Thursday, 22 Mar 2018 06:00am EDT 

March 22 (Reuters) - Mitel Networks Corp ::MITEL ANNOUNCES DEFINITIVE AGREEMENT TO SELL DETEWE TO GERMAN ICT SYSTEMS INTEGRATOR OSTERTAG GROUP.MITEL NETWORKS CORP - FINANCIAL DETAILS OF TRANSACTION WERE NOT DISCLOSED..MITEL NETWORKS CORP - ‍MANUEL FERRE-HERNANDEZ, CURRENTLY COUNTRY MANAGER OF MITEL GERMANY, IMMEDIATELY BECOMES MANAGING DIRECTOR OF MITEL GERMANY​.MITEL NETWORKS CORP - ‍ONCE DEAL COMPLETED, CHRISTIAN FRON WILL JOIN OSTERTAG HOLDING GMBH AS A MEMBER OF THEIR EXECUTIVE MANAGEMENT TEAM​.MITEL NETWORKS - ‍UPON DEAL CLOSING, DETEWE, AS PART OF OSTERTAG GROUP, TO CONTINUE TO BE CHANNEL PARTNER FOR MITEL IN GERMANY, & ALL EXISTING SUPPLIERS​.MITEL NETWORKS CORP - OSTERTAG WILL ACQUIRE DETEWE COMMUNICATIONS GMBH, MITEL'S DIRECT SYSTEMS INTEGRATION BUSINESS IN GERMANY.  Full Article

Mitel Networks reports Qtrly ‍Non-GAAP EPS From Continuing Operations $ 0.27​
Thursday, 22 Feb 2018 06:30am EST 

Feb 22 (Reuters) - Mitel Networks Corp ::MITEL REPORTS FOURTH QUARTER RESULTS.QTRLY ‍NON-GAAP EPS FROM CONTINUING OPERATIONS $ 0.27​.QTRLY ‍GAAP EARNINGS PER SHARE FROM CONTINUING OPERATIONS (BASIC) $0.01 ​.SEES ‍Q1 NON-GAAP REVENUES $300 MILLION TO $320 MILLION​.‍QTRLY GAAP REVENUES FROM CONTINUING OPERATIONS $355.9 MILLION VERSUS $259.8 MILLION IN Q4 2016 ​.SEES Q1 ‍NON-GAAP EPS $0.07 TO $0.13​.‍SEES Q1 NON-GAAP GROSS MARGIN 55.2% TO 57.2%​.Q4 REVENUE VIEW $346.8 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Mitel Networks earnings per share from continuing operations $0.16​
Thursday, 2 Nov 2017 06:30am EDT 

Nov 2 (Reuters) - Mitel Networks Corp :Mitel reports September quarter results.Mitel Networks Corp qtrly ‍reported adjusted earnings per share from continuing operations $0.16​.Mitel Networks Corp qtrly ‍reported basic loss per share from continuing operations $0.23​ in historical currency terms.Mitel Networks Corp - ‍sees Q4 non-GAAP revenues of $335 million to $360 million​.Mitel Networks Corp - sees ‍Q4 non-GAAP gross margin between 56.5 pct to 58.5 pct​.Mitel Networks Corp qtrly ‍GAAP revenues $241.5 million versus $234.5​ million.  Full Article

Elliott Associates‍​ reports 8.9 pct passive stake in Mitel Networks Corp
Thursday, 5 Oct 2017 05:09pm EDT 

Oct 5 (Reuters) - Mitel Networks Corp :Elliott Associates‍​ Lp reports a 8.9 percent passive stake in Mitel Networks Corp as of October 3, 2017 - SEC filing.  Full Article

‍Elliott Associates reports open market sale of 25k shares of Mitel Networks at $ 8.15/shr
Thursday, 14 Sep 2017 04:56pm EDT 

Sept 14 (Reuters) - Mitel Networks Corp :‍Elliott Associates L.P. reports open market sale of 25,000 shares of mitel networks corp at $ 8.15 per share on Sept 12 - SEC filing​.  Full Article

Shoretel to pay Mitel U.S. Holdings $24.5 mln if deal is terminated
Friday, 28 Jul 2017 02:08pm EDT 

July 28 (Reuters) - Mitel Networks Corp ::Says upon termination of merger deal under specified circumstances, Shoretel required to pay Mitel US Holdings termination fee of $24.5 million.Says Mitel US Holdings will be required to pay Shoretel termination fee of $30 million if Shoretel terminates merger agreement-SEC filing.  Full Article

Mitel reports June quarter results
Thursday, 27 Jul 2017 06:34am EDT 

July 27 (Reuters) - Mitel Networks Corp :Mitel Networks reports June quarter results.Says corp qtrly non-gaap eps $0.13.Sees Q3 GAAP revenues $225 million to $250 million.Mitel Networks Corp - ‍cost reduction actions initiated during June quarter are on-track​.Mitel Networks Corp sees Q3 gaap revenues $225 million to $250 million.Sees Q3 non-gaap net income 7.0-11 pct.Qtrly gaap revenues $238.6 million versus $260.3 million.Q2 earnings per share view $0.14, revenue view $244.3 million -- Thomson Reuters I/B/E/S.Q3 earnings per share view $0.20, revenue view $232.1 million -- Thomson Reuters I/B/E/S.Source text for Eikon: ID:nGNXOCQLZa.Further company coverage: MNW.TO.  Full Article

Mitel Networks Corp signs MoU to transfer certain assets, support obligations, including existing inventory, from Toshiba Corp to Mitel
Thursday, 11 May 2017 05:00pm EDT 

May 11 (Reuters) - Mitel Networks Corp ::Mitel networks corp - has signed mou to transfer certain assets and support obligations, including existing inventory, from toshiba corp to mitel.Mitel networks corp says transaction is expected to be immediately accretive; additional financial terms of deal were not disclosed.  Full Article

Mitel reports solid march quarter revenues and earnings per share
Wednesday, 3 May 2017 04:30pm EDT 

May 3 (Reuters) - Mitel Networks Corp ::Mitel reports solid march quarter revenues and earnings per share.Says cutting workforce by about 10 percent.Says workforce reduction expected to generate an annualized savings of approximately $30 million.Says anticipate taking a charge in 2017 in range of $25 million to $35 million.Says qtrly non-GAAP EPS $0.09.Sees GAAP revenues $230 million to $255 million for Q2.Says qtrly GAAP loss per share - basic $0.16.Sees GAAP gross margin 53.5% to 55.5% in Q2.Sees non-GAAP net income 5.5% to 9.5% in Q2.Qtrly revenues $223.1 million versus $ 233.0 million.Q1 earnings per share view $0.09, revenue view $220.4 million -- Thomson Reuters I/B/E/S.Q2 revenue view $244.2 million -- Thomson Reuters I/B/E/S.  Full Article

Mitel Networks sees total revenue growth in constant currency for CY17 of down 1% to up 1%
Tuesday, 7 Mar 2017 11:18am EST 

Mitel Networks Corp :Sees total revenue growth in constant currency for CY 17 of down 1% to up 1%; sees adjusted EBITDA for CY17 of up 15% to 17% - SEC filing.  Full Article