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Wednesday, 02 August 2017 05:35

Mitel to acquire ShoreTel for US$530m

Business communications systems and service provider Mitel and rival ShoreTel have reached a deal whereby the former will acquire the latter for US$530 million.

In a move claimed to save the Victorian taxpayers $129 million, the Andrews Labor Government has refreshed its contracts with telecommunications providers.

Canadian-based global provider of enterprise and mobile communications, Mitel, is to acquire video conferencing and unified communications vendor Polycom in a deal which values Polycom at approximately US$1.96 billion.

Published in Listed Tech
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