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Actionable news in MITL: Mitel Networks Corporation,

Mitel Networks: Speakers On Today’S Call Rich Mcbee President And Chief Executive Officer, Mitel Steve Spooner Chief Financial Officer Mitel Peter Leav President And Chief Executive Officer, Polycom

The following excerpt is from the company's SEC filing.

Positions Mitel to lead convergence of voice and video segments across Enterprise, Cloud and Mobile Achieves immediate operational and financial scale Creates opportunity to address attractive video market with the #2 video brand in the world Delivers attractive installed customer base with 82% of Fortune 500 companies Extends geographic footprint by leveraging Polycom’s established presence in Asia-Pacific Mobile deployments in 47 of the top 50 global economies Drives significant cost synergies and reduced debt leverage Seamless Communications & Collaboration Creates the ONLY company across Enterprise, Cloud & M obile with all technology pieces to deliver Compelling Strategic Business Rationale

Transaction Highlights Mitel to acquire Polycom in a $1.96 billion transaction Polycom shareholders will receive $3.12 per share in cash and 1.31 Mitel common shares for each share they hold Represents 22% premium to Polycom’s “unaffected” share price on April 5, 2016 Transaction Summary Unanimously approved by the Boards of Directors of both companies Polycom and Mitel shareholder and regulatory approvals required Expected to close in Q3, 2016 Approvals and Timing Combined company to be owned 40% by current Mitel shareholders and 60% by current Polycom shareholders Polycom brand to be retained Rich McBee to become CEO; Steve Spooner to become CFO Combined company to be headquartered in Ottawa, Canada 2 Polycom directors to join Mitel board Transaction Structure 2x revenue expansion to $2.5B Combined non-GAAP proforma CY15 Adjusted EBITDA of $353M $160M of targeted synergies Expected to be accretive in CY 2017 Financial Impact

Creating a Global Collaboration Leader Across Enterprise, Cloud, Mobile #1 Business cloud communications Only company in 5 Gartner Magic Quadrants Corporate Telephony; Unified Communications; UC for mid-size Enterprises; UC as a Services; Contact Center 130 mobile operators: more than half of world’s top 20 60 million business users worldwide #1 in Europe; #4 globally Mobile, Cloud, Enterprise $1.2 billion revenue #1 in conference phones #1 SIP sets Gartner Magic Quadrant leader Group Video Systems 400,000+ customers worldwide 82% of the Global Fortune 500 Strong presence in Asia $1.3 billion revenue

We’re Doing it Again 2015 $1.2 billion revenue Mobile, Cloud, Enterprise solutions Limited conference footprint #1 in global business cloud 130 mobile service providers: more than half of world’s top 20 Limited footprint in...


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