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Canada: Communications merger inked, execs see market as ‘ripe for consolidation’

By  |  November 11, 2013

Communications provider Mitel Networks has made a deal to acquire smaller rival Aastra Technologies in a deal that represents the Canadian telco market’s readiness for consolidation, say reports.

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    The deal, made for more than $370 million, represents the fact that “the business communications market is ripe for consolidation,” according to Mitel CEO Richard McBee.

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    McBee also stated in announcing the deal that he predicts smaller players in the market will be “marginalized” as they have narrow focuses and limited global reach.

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