MITEL NETWORKS CORP FORM 8-K. (Current report filing) Filed 11/12/13 for the Period Ending 11/11/13

Transcription

1 MITEL NETWORKS CORP FORM 8-K (Current report filing) Filed 11/12/13 for the Period Ending 11/11/13 Telephone CIK Symbol MITL SIC Code Radio and Television Broadcasting and Communications Equipment Industry Communications Equipment Sector Technology Fiscal Year 12/31 Copyright 2016, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use.

2 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 11, 2013 MITEL NETWORKS CORPORATION (Exact Name of Registrant as Specified in its Charter) Canada (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 350 Legget Drive Ottawa, Ontario K2K 2W7 (Address of Principal Executive Offices) (Zip Code) (613) (Registrant s telephone number, including area code) Not Applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR e-4(c))

3 Item 7.01 Regulation FD Disclosure On November 11, 2013, Mitel Networks Corporation (the Registrant ) issued the press release attached hereto as Exhibit 99.1 (the Press Release ) announcing that the Registrant has entered into an Arrangement Agreement dated November 11, 2013 with Aastra Technologies Limited (the Transaction ). The Press Release is incorporated by reference herein and furnished pursuant to Item 7.01 of Form 8-K. In addition, the Registrant is furnishing under this Item 7.01 a copy of a slide deck presentation made available to the public by posting on its website on November 11, 2013 (the Presentation ). The contents of the Presentation include information about the Transaction. The Presentation is incorporated by reference herein and furnished herewith as Exhibit The information in this Current Report on Form 8-K under Item 7.01, including the information set forth in the Press Release and the Presentation, shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange act of 1934, as amended, or otherwise subject to the liabilities of that Section. Item 9.01 Financial Statements and Exhibits. (d) Exhibits Press Release, dated November 11, Slide Deck Presentation, dated November 11, 2013

4 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 12, 2013 MITEL NETWORKS CORPORATION By: /s/ Greg Hiscock Name: Greg Hiscock Title: General Counsel & Corporate Secretary

5 Exhibit 99.1 NEWS RELEASE Mitel and Aastra Announce Plan to Merge Combination creates a billion dollar company with a global installed base and the technology and scale to migrate those customers, and the broader market, to cloud based solutions. US$1.1 billion total revenue US$100 million cloud business Global customer base of 60 million end users #1 market share in Western Europe Competitive solutions portfolio to address businesses of any size Attractive synergies expected within first 24 months Accelerated path to further de-leverage the business OTTAWA and TORONTO Ontario November 11, 2013 Mitel Networks Corporation (NASDAQ:MITL; TSX:MNW), a leading provider of cloud and premises-based unified communications software solutions, and Aastra Technologies Limited (TSX:AAH), a leader in enterprise communications, today announced that they have entered into a definitive arrangement agreement unanimously approved by the Boards of Directors of both companies, under which Mitel will acquire all of the outstanding Aastra common shares for US$6.52 in cash plus 3.6 Mitel common shares per each Aastra common share. Using the Mitel closing common share price on November 8, 2013, and a CAD/USD exchange rate of , this amounts to CAD$31.96 per Aastra common share, a total value on closing to Aastra shareholders of CAD$392M and represents a 20.9% premium to the 30-day volume weighted average price (VWAP) of Aastra common shares as of November 8, The strategic move, designed to build scope and scale in a consolidating market, will create a billion dollar company with one of the largest global footprints in the industry, #1 market share in Western Europe, a US$100 million cloud business, and a global installed customer base ready for upgrade as the US$18 billion business communications market prepares to migrate to software-based cloud services. The combined company will be headquartered in Ottawa, Canada and will operate under the name Mitel while continuing to leverage Aastra s strong brand recognition in select European markets. The executive management team will continue to be led by current Mitel President and Chief Executive Officer, Mr. Richard McBee.

6 The business communications market is ripe for consolidation and on the cusp of a mass migration to cloud-based services. We believe that small competitors with narrow focus and limited global reach will quickly be marginalized, said Mr. McBee. Aastra s solid financial structure, complementary portfolios, geographic reach, and large installed-base immediately augment and expand Mitel s market footprint, enabling us to capitalize on a unique opportunity to leap-frog the competition and lead the market. Reporting to Mr. McBee will be Chief Financial Officer, Mr. Steve Spooner, and Aastra s Co-CEOs, Mr. Francis Shen, who will assume the position of Chief Strategy Officer, and Mr. Tony Shen, who will assume the position of Chief Operating Officer. Mitel will increase the number of directors on its Board from eight to nine. Two existing members of the Mitel Board will step down and Aastra will have the right to appoint three new board nominees to fill the vacancies. Our two organizations are tightly aligned culturally and financially with little product, geographic or channel overlap said Tony Shen. We are stronger together, and combined we will be a major global player. We are confident that this merger will create value for our shareholders, customers, partners and employees added Francis Shen. Expanded Geographic Footprint and Market Leadership The combination of Mitel and Aastra will enable the companies to significantly expand their organizational scale and scope with a combined market presence of over 60 million end users in more than 100 countries and a global network of more than 2,500 channel partners, ideally positioning the new company to immediately capitalize on several key strategic growth opportunities. Maximizing near-term installed base upgrade opportunities in large Western European countries including Germany, France and the U.K., and in primary Latin American markets such as Brazil and Mexico and a strong foothold in the Asia Pacific region including Australia. Immediate and aggressive expansion in the large enterprise cloud segment in the United States. Accelerating global cloud expansion by leveraging the strength of our respective cloud technologies and channel partners The combined company will provide channel partners and customers access to a broad portfolio that supports businesses of any size, from SMB to enterprise. With minimal channel overlap between the two organizations, the combination significantly expands the addressable market opportunities of existing partners, equipping them to sell into the small and mid-size business market in local or regional geographic opportunities as well as large and lucrative global enterprise accounts.

7 Enhanced Scale and Operating Leverage with Attractive Cash Flow Generation Nearly doubling the stand-alone revenue of either company, the combination results in combined revenue for the new company of approximately US$1.1 billion for the trailing four quarters. The deal will create the financial scale and operational leverage to drive shareholder value. US$1.1 billion in diversified annual sales, well positioned to deliver sustained and profitable revenue growth. Research and Development budget of approximately US$100 million. Approximately US$45 million of run rate synergies within two years, driven by supply chain optimization, facilities consolidation and economies of scale. Meaningful reduction in the debt leverage ratio of Mitel. Strong free cash flow generation. Aastra shareholders, who will own approximately 43% of the combined company, are expected to benefit from substantial potential upside over the long-term, driven by the combined company s strategic position and achievement of full run-rate synergies. The combined company s cash flow will allow for ongoing debt repayment and will provide Mitel liquidity and flexibility to support ongoing growth opportunities. Terms of the Agreement The transaction will be carried out by way of a court-approved plan of arrangement and will require the approval of at least 66 2/3% of the votes cast by the shareholders of Aastra at a special meeting expected to take place in January Mr. Francis Shen and Mr. Tony Shen, who together control approximately 14% of the outstanding Aastra common shares, have entered into voting support agreements and confirmed their intention to vote their Aastra common shares in favour of the arrangement. Under applicable TSX and NASDAQ rules, the transaction also requires the approval of Mitel shareholders by majority vote, as the number of Mitel common shares to be issued in the transaction exceeds 25% of the total number of outstanding Mitel common shares. Francisco Partners and Terry Matthews, who together control approximately 63% of the company s common shares, have both signed voting support agreements in favour of the transaction. Mitel expects that the TSX and NASDAQ will accept these agreements to support the transaction as evidence of shareholder approval and not require Mitel to hold a shareholder meeting.

8 In addition to shareholder and court approvals, the transaction is subject to compliance with the Investment Canada Act and certain other closing conditions customary in transactions of this nature. Aastra and Mitel anticipate that the transaction will be completed in the first quarter of Further information regarding the transaction will be included in the management proxy circular expected to be mailed to Aastra shareholders in December. Copies of the arrangement agreement and management proxy circular will be available on SEDAR at The transaction will provide a partial capital gains tax-deferred roll-over option for taxable Canadian holders of Aastra shares. Mitel intends to finance the cash portion of the proposed transaction with cash on hand from the combined businesses. In conjunction with the transaction and to provide additional liquidity and working capital, Mitel currently intends to refinance its existing credit facilities and has received term loan and revolving credit facility commitments from Jefferies Finance LLC and The Toronto-Dominion Bank of up to $405 million. Jefferies LLC is acting as financial advisor to Mitel for purposes of this transaction and delivered an opinion to Mitel s Board of Directors as to the fairness, from a financial point of view, of the consideration to be paid by Mitel in the transaction. TD Securities Inc. is acting as financial advisor to Aastra and has provided an opinion to the board of directors of Aastra that the consideration to be received by Aastra shareholders under the transaction is fair, from a financial point of view, to Aastra shareholders. Mitel retained Osler, Hoskin and Harcourt LLP as its legal counsel. McCarthy Tétrault LLP is acting as legal counsel to Aastra. The transaction is subject to regulatory reviews, shareholder approval, and certain other customary conditions. Upon final approval and closing of the transaction, the common shares for the combined company will continue to be listed on both the NASDAQ Global Market and Toronto Stock Exchange under the existing symbols for Mitel. Mitel s fiscal 2014 second quarter results for the period ended October 31, 2013 are expected to be reported in early December. Details of the December earnings announcement will be confirmed separately. Conference Call Information Mitel and Aastra will host a conference call and webcast accompanied by slides on November 11, 2013 at 8:00 a.m. ET.

9 To access via tele-conference, please dial (888) Participants dialing in from outside of Canada and the United States can dial (719) The playback will be made available two hours after the event at (719) To access the webcast please use this link: The Conference ID number for the live call and rebroadcast is Presentation slides will be available on November 11, 2013 at 7:00 am ET. To download presentation slides, please go to the Investor Relations section of Mitel s website at and under Events or use this link: Live internet access and a replay for this call will be available through the Investor Relations section of Mitel s website at About Mitel Mitel (Nasdaq: MITL; TSX: MNW) is a global provider of unified communications and collaboration (UCC) software, solutions and services that enable organizations to conduct business anywhere, over any medium with the device of their choice. Through a single cloud-ready software stream, Mitel s Freedom architecture provides customers in over 100 countries the flexibility and simplicity needed to support today s dynamic work environment. For more information visit About Aastra Technologies Limited Aastra Technologies Limited (TSX:AAH) is a global company at the forefront of the Enterprise Communication market. Headquartered in Concord, Ontario, Canada, Aastra develops and delivers innovative and integrated solutions that address the communication needs of businesses small and large around the world. Aastra enables Enterprises to communicate and collaborate more efficiently and effectively by offering customers a full range of open standard IP-based and traditional communications solutions, including terminals, systems, and applications. For additional information on Aastra visit Forward Looking Statements Some of the statements in this press release are forward-looking statements (or forward-looking information) within the meaning of applicable U.S. and Canadian securities laws. These include statements using the words target, outlook, may, will, should, could, estimate, continue, expect, intend, plan, predict, potential, project and anticipate, and similar statements which do not describe the present or provide information about the past. There is no guarantee that the expected events or expected results will actually occur. Such statements reflect the current views of management of Mitel and Aastra and are subject to a number of risks and uncertainties. These statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, corporate approvals, regulatory approvals, operational factors and other factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. All forward-looking statements attributable to Mitel and Aastra, or persons acting on their behalf, and are expressly qualified in their entirety by the cautionary statements set forth in this paragraph. Undue reliance should not be placed on such statements. Forward-looking statements speak only as of the date they are made. In addition, material risks that could cause results of operations to differ include the merged company s ability to achieve or sustain profitability in the future; fluctuations in the quarterly and annual revenues and operating results; fluctuations in foreign exchange rates; current and ongoing global economic instability; intense competition; reliance on channel partners for a significant

10 component of sales; dependence upon a small number of outside contract manufacturers to manufacture products; the ability to successfully integrate the acquisition and realize certain synergies; and, our ability to implement and achieve our business strategies successfully. Additional risks are described under the heading Risk Factors in Mitel s Annual Report on Form 10-K and Aastra s Annual Information Form. Except as required by law, we do not have any intention or obligation to update or to publicly announce the results of any revisions to any of the forward-looking statements to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. You are advised, however, to consult any further public disclosures made by Mitel and Aastra on related subjects in reports and communications filed on Electronic Data-Gathering, Analysis, and Retrieval (EDGAR) or System for Electronic Document Analysis and Retrieval (SEDAR). MITL-F Contact Information Mitel: Amy MacLeod (media), x71245, amy_macleod@mitel.com Malcolm Brown (industry analysts), x71246, malcolm_brown@mitel.com Michael McCarthy (investor relations), , michael_mccarthy@mitel.com Aastra: Allan Brett, CFO, , abrett@aastra.com John Tobia, General Counsel, , jtobia@aastra.com

11 Exhibit 99.2 Mitel A #1 Large November Exhibit Newly Market & Global 99.2 Aastra Created Share 11th, Customer Technologies 2013 in $Billion Western Footprint Company Europe Announce with US$100M 60 Plans Million to Cloud Merge End Business Users Strongly Positions Mitel for Transition to Cloud Services

12 SAFE Forward Some target, There These Any are made. operating number successfully. obligation factors Data-Gathering, Non-GAAP This meaning financial the Exchange our expressly most changes presentation of is statements In HARBOR core outlook, affecting of no the Looking directly and addition, performance measures results; Commission to outside guarantee operating Financial statements update are Additional qualified may, such Analysis, therefore comparable are STATEMENT fluctuations includes Statements material contract should forward-looking assumptions will, based performance. that Measurements and to risks their publicly this should, not unlikely and June references prospects manufacturers risks U.S. are expected be document many entirety Retrieval 24, foreign that relied described could, announce to Non-GAAP 2013 factors assumptions could statements. by upon events non-gaap the exchange (EDGAR) comparable are estimate, (fiscal measure the cause under future, could forward-looking the manufacture cautionary a 2013) measures results You expected substitute and the cause continue, rates; included including financial to heading factors, are System and of similar current actual of statements advised, products; are any August results operations for expect, changes statements among including for Risk revisions this results financial measures and Electronic will 29, however, presentation the intend, set ongoing Factors the 2013 actually including ability forth general our measures (or primary differ presented any plan, (Q1 forward-looking operating to Document global to of occur. materially consult include this and, economic Mitel s of successfully predict, indicators adjusted the prepared fiscal by paragraph. economic if forward-looking Such results, other not any Analysis Annual 2014). potential, from EBITDA, and contained merged further statements management companies. information) integrate trends accordance instability; market Undue current Report and public company s project non-gaap and Retrieval conditions, statements reliance reflect expectations. the this We marketplace uses disclosures intense within Form acquisition and presentation, use the as ability should (SEDAR). anticipate, generally these 10-K income a current to competition; industry basis reflect All made meaning to performance, non-gaap not and achieve forward-looking and views contained accepted be Aastra s realize conditions, actual by our non-gaap placed Mitel similar of reliance of planning applicable results, certain management financial accounting sustain Annual exclusive and Mitel s corporate such on Aastra operating and future synergies; channel profitability measures Information U.S. statements. forecasting Reports principles. on events approvals, unusual which and Mitel related partners expenses. and, attributable to Canadian on do assist Form. and Forward-looking of our events Please developments, the subjects not regulatory for Aastra ability future; Non-GAAP management describe Except a securities 8-K see significant periods. factors Mitel and which the fluctuations reports approvals, as implement the are reconciliation changes required and laws. statements financial which have Investors and present subject component and Aastra, These investors been do operational communications and by measures the assumptions not are speak law, filed include provide achieve of quarterly number of directly persons cautioned non-gaap we sales; with only understanding factors do statements information our the of affect acting not as dependence business risks filed that of 2 changes have financial annual U.S. the what non-gaap and other using any date their Securities our about Electronic strategies we uncertainties. revenues upon standardized intention they measures factors. past other behalf, consider a words are small past. to

13 Transaction Terms: Aastra Total Cash Using of Pro 57% Combined Company Headquarters Leadership: Richard Steve BoD Aastra Forma Mitel will and Consideration Spooner Chief the McBee President stock common consist Mitel shares company Ownership: shareholders, Overview in transaction closing Ottawa, will of shares 9 receive retains continue members, Financial common ON, 43% as valued Mitel & 3.6 of Canada Aastra Chief to November Mitel 6 Officer trade share name appointed on Executive shareholders closing shares publicly price 8, by and on at Officer Mitel on approximately November US$6.52 NASDAQ and 3 in 8, appointed cash 2013, & CAD$392M TSX for this for under by amounts every Aastra Mitel s Aastra to CAD$31.96 listing share per Aastra common share. This price represents a 20.9% premium to the 30-day volume weighted average price (VWAP)

14 Transaction Key Revenues* Net Adjusted Approximately Annual Expected Financed * 4 Income Pro net Forma EBITDA* in net and are synergies part is Overview leverage estimated EBITDA US$110M Financials by is are new estimated to close numbers expected committed of (trailing cash US$39M of US$1.1B to approximately do on to 12 be be not the credit month): US$141M approximately balance include facility 2.0x anticipated sheet provided is US$45M, expected synergies. by Jefferies realized at closing TTM and within period Toronto-Dominion 24 months represents 7/31/13 Bank Anticipated for Mitel and to 9/30/13 close first for quarter Aastra 2014

15 Mitel Provides Channel ~9,000 Installed More Strong - ~1,800 1,700 5 One LTM Gross than Overview of patent presence financial 7/31/13 SME employees margin sales the base business 300,000 most portfolio and of model Revenue: and profile over Enterprise profitable communications North cloud EBITDA with 10 and million America US$580.0M users 1,600 a leader enterprise customers margin partners end and users expansion virtualized communications the in collaboration globally over UK 100 over solutions countries past software companies several and years services to the SMB market worldwide

16 Aastra Develops Channel Installed - ~1,900 Emerging 662 LTM Strong consecutive Overview presence financial 9/30/13 employees cash partners base and cloud generation delivers of Revenue: business profile profitable over Europe, more 50 communications over million US$571.1M gaining than quarters holds the 100 end #1 past traction countries / users #2 several products position and years and more in several applications than 1,000 key markets for resellers the global enterprise and SMB market

17 Creating Delivers Expanded Comprehensive Enhanced Leading Deleveraged Attractive Cloud As a Scale Geographic Operating Leading A Balance Combined Capabilities Solution & Attractive Provider Model/Cash Sheet Footprint Portfolio Company: of Synergy Business & Flow Market Potential Generation Communications Leadership & Collaboration Solutions

18 Diversified Combined Asia Pacific, Americas, 42% EMEA, 54% Country Germany France Sweden Switzerland US Spain Canada UK Other Denotes 8 4% market Mitel EMEA Revenues Aastra strength Asia Streams $1.1B Pacific ttm $479M $611M $45M

19 Combined Mitel + Aastra World Western Germany UK France Netherlands Sweden Switzerland US Canada North Source: 9 Rank 8.2% 19.7% America 13.8% MZA 1.7% Europe 0.5% 0.23% Market 2.5% 0.8% 18.3% 4.1% 29.6% 42.1% PBX/IP 1.0% 8.7% 8.6% 5.4% 9.24% 22.2% 30.0% 7.9% Leadership 11.3% 31.3% 14.8% 343.8% 0.6% 14.0% PBX 95% % 29.6% 9.2% 23 Market, % World Quarterly Edition, Q2 2013, TTM Q Q2 2013

20 Pro President Rich COO Tony Francis CHRO Steve EVP Americas Canadian Enterprise Channel Latin Service Russia 10 Forma Strategy, McBee Sales Shen Chief Spooner President CMO Shen Service Sales & International Organization Officer MEA Strategy CEO CFO APAC Platform & UK Portugal Netherlands EVP Innovation Spain Germany Switzerland Europe EVP Belgium President NetSolutions Austria Cloud France I Europe EVP Italy Initiatives Nordic II President & EVP President

21 Financial Overview

22 Financial Mitel Aastra closing The combined financial CAD/USD Information company information rate Presentation of is expected is is presented to use as as U.S. reported dollars in in as their U.S. Canadian reporting and Canadian public currency filings, public and report available filings, under available on SEDAR. U.S. on GAAP. EDGAR The financial and SEDAR. information The financial has been information prepared under has IFRS been and prepared has been under converted U.S. GAAP to U.S. and dollars is in U.S. using dollars the.

23 The 2013) Mitel (in Net Adjustments: Interest Income Amortization Foreign Special Stock-based Debt Other Adjusted millions) loss income following retirement Aastra 1.2 and charges tax expense exchange from Earnings EBITDA (1.9) Aastra expense $ from compensation and 4.5 discontinued table and costs (income) continuing $ (LTM depreciation loss Before from $ 34.3 presents restructuring (recovery) September continuing discontinued $ 21.5 Interest, operations a reconciliation 36.3 (0.6) (4.8) costs Taxes, 30, 17.8 (10.7) operations ): 8.0 Depreciation of 92.8 Adjusted (0.9) 49.0 and EBITDA Amortization to net income ( Adjusted for Mitel EBITDA ) (LTM July 31,

24 Attractive Synergies $50 $45 $12 ($24) 2014 Full recognized Majority realized 2014 ($3) run 2015 early rate of 2015 Costs Synergy 2016 by synergies in ($34) Opportunities realizable expected of ~50M long-term to One-time, be synergies initial costs drive significant

25 Mitel Strong Key ($ been product margins $91.1 from elimination during line CY Note: (1) (2) Margin Product Operational Shift Improved Increased History millions) FCF CY 2011 weakness Points driven growth And Assumes periods Cash 2013 mix defined Headcount expansion higher of CY cost Aastra Cumulative contribution service of successful by: $155.8 Flow initiatives YTD 2012 efficiencies reductions costs of $225.3 margin as top Have Generation exchange defined CY cash gross reductions has 2013 Free A flow Solid as rate Cash YTD from 9/30/13 History of Flow operations 0.97 for Generation Of USD/CAD Aastra less and CapEx Over as 7/31/13 of The 10/28/13 and for Past purchase Mitel. 2.5 Years of intangibles. (1) 15

26 Mitel Three Leverage Maximize Rapidly Today and key Expand elements: Our Strength Position in In the Future: Contact in the Strategy Core Cloud Center to Drive Profitable Growth

27 Gross Target Excludes Margin Model model stock (preliminary) % assumes -based R&D compensation, integration 9-10% SG&A2 and amortization synergies 30-32% complete Total of acquired Operating intangibles, Expense2 F/X 39-42% (gain)/loss Adjusted and special EBITDA2 charges 16-18% and restructuring Effective Tax costs Rate 18-20%

28 Strengthened Revenue Operational accretive 18 Growth within Efficiencies Financials one Better year positioned Substantial Improved to float/broadened cost deliver synergies long term ~US$50M shareholder growth Significant given base scale, realization channel and by 2015 portfolio Balance breadth Sheet Significant de-leveraging Cash flow generation enables debt reduction Shareholder Value Expect to be

29 Key Creates SMB Communications Collaboration Comprehensive Focused Portfolio Expanded Footprint Leadership 19 Transaction And Global Solution Of And Geographic Enterprise U.S. M&A Potential Market Leader And In Takeaways Team Integration Western Strong Enhanced Cloud One With Of Europe Management Businesses Cash Track The Conservative Scale Largest Generation Record And in Strong the Balance Leverage Attractive Market Combined Sheet leader Synergy With #1 Player

30 Mitel A #1 Large November Newly Market & Global Aastra Created Share 11th, Customer Technologies 2013 in $Billion Western Footprint Company Europe Announce with US$100M 60 Plans Million to cloud Merge End business Users Strongly Positions Mitel for Transition to Cloud Services