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Mitel offers to join forces with Avaya

The cheers ring out as Avaya takes to the stock market

In potentially one of the most audacious moves in telecoms Mitel has apparently proposed a moved to merge with Avaya in a deal worth more than $2bn. Reports emerged earlier this month about a potential PE interest in Avaya which is in part driven by Avaya’s current low market evaluation.

According to the Wall Street Journal, Mitel is offering $20 to $22 per share. Avaya’s share price has risen to just over $19 per share upon the news breaking.

Comms Business recently spoke to CEO Jim Chirico about the news, he declined to comment. For the rest of that interview you can view below.

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David Dungay

Editor - Comms Business Magazine