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Mitel Fuels Mobile Growth With Investment in 5G Cloud Connectivity Platform
OTTAWA, Feb. 17, 2016 -- Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in real-time business, cloud and mobile communications, today announced that it is preparing for the next wave of innovation with investment in a new initiative focused on advanced 5G cloud connectivity. Mitel also announced the expansion of its senior mobile management team as global demand for 4G LTE services rapidly ramps up. According to industry analyst firm Ovum, global LTE subscriptions surpassed the one billion mark during the final quarter of 2015, with all signs indicating that strong double-digit growth will continue for the next five years.*
“In the past 12 months, Mitel has been gaining traction in the mobile space and picking up speed as adoption of 4G LTE services accelerates,” said Rich McBee, President and CEO of Mitel. “In November we reported that Mitel’s global footprint of mobile customers expanded from 17 to 31, an 82 percent increase in just six months. We believe that Mitel is in an envious position in this rapidly growing market and that, with today’s announcement, we are taking a key step to invest for the future.”
Pardeep Kohli, former CEO of Mavenir and current President of the Mitel Mobile Division, becomes President of Mitel 5G Cloud Connectivity. Pardeep is a serial mobile entrepreneur with over two decades of experience leading the market in the race to deliver new mobile innovations. In his new role as President of Mitel 5G, Kohli will lead all activities associated with Mitel’s 5G investments.
“Wireless connectivity is now an essential aspect of everyday life, but we’ve only just scratched the surface of the economic and social impact it will have in the future as mobile technology continues to advance,” said Kohli. “Mitel’s 5G platform is focused on building that future by providing the software to enable billions of mobile devices to access mobile cloud services in a flexible, cost-effective manner.”
BG Kumar, a mobile industry veteran, takes over as President of the Mitel Mobile Division with responsibility for the profit and loss, sales, engineering, product line management, and operations of Mitel’s Mobile Division. Kumar brings to the role extensive industry knowledge, technical expertise and strong customer relationships.
“With the number of 4G LTE subscribers continuing to increase, Mitel is ideally positioned to capitalize on our large installed base of Tier 1 mobile network operators to further expand our market position,” said Kumar. “Our unique and fully virtualized VoLTE, VoWiFi and RCS solutions offer operators the economic benefits of a cloud infrastructure, the ability to cost-effectively manage the ramp-up of the VoLTE and RCS subscriber base, and the flexibility to rapidly add new communications services and scale as the market evolves.”
*Ovum Research: Global LTE subscriptions pass 1 billion
Twitter: Mitel Fuels Mobile Growth With Investment in #5G #Cloud Connectivity Platform
Twitter: New Mitel 5G initiative headed by mobile pioneer and former Mavenir CEO Pardeep Kohli
Twitter: Mitel expands management team with appointment of BG Kumar as President of Mitel Mobile Division
Pardeep Kohli, BG Kumar, 5G, VoLTE, VoWiFi, RCS, Cloud, 4G, LTE
A global market leader in enterprise and mobile communications powering more than 2 billion business connections and 2 billion mobile subscribers every day, Mitel (Nasdaq:MITL) (TSX:MNW) helps businesses and mobile carriers connect, collaborate and provide innovative services to their customers. Our innovation and communications experts serve more than 60 million business users in more than 100 countries, and 130 mobile service providers including 15 of the top 20 mobile carriers in the world. That makes us unique, and the only company able to provide a bridge between enterprise and mobile customers. For more information, go to www.mitel.com and follow us on Twitter @Mitel.
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Contact Information Media – Americas Camille Beasley (469) 212-0433 [email protected] Media – EMEA/AP Duncan Miller +44 (0) 1291 612 646 [email protected] Investors Michael McCarthy (469) 574-8134 [email protected] Industry Analysts Cynthia Navarro (469) 574-8113 [email protected]