Xura buys Mitel Mobility for $385M and Ranzure to double down on 5G

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Abstract 3D network in future After failing to complete its merger with Polycom earlier this year when Polycom instead got acquired by Siris Capital, today Mitel Networks sold began the process of streamlining its business to go forth alone, or find another acquisition or merger as a simpler company. Today Mitel announced that it would divest Mitel Mobility, its mobile operations, to Xura for $360 million in cash, plus… Read More