Mitel to open trading on TSX this morning
TORONTO, June 27, 2012 /CNW/ - Toronto Stock Exchange (TSX), operated by TMX Group, today welcomed Mitel Networks Corporation (Mitel) to the Canadian public capital marketplace. Mitel will trade on Toronto Stock Exchange under the symbol TSX: MNW.
To celebrate their listing on TSX, Richard McBee, President and CEO, Mitel, will join Ungad Chadda, Senior Vice President, Toronto Stock Exchange, to open trading this morning at 9:30 a.m. ET.
"We are extremely proud to welcome Mitel to Toronto Stock Exchange and to Canada's capital markets. Mitel joins other technology industry leaders who have chosen to reach investors through a listing on TSX," said Mr. Chadda. "Our exchanges provide a world-class platform for technology companies of all sizes to list, finance and trade their securities."
"Mitel has long roots as a technology pioneer in Canada and we are excited to be able to extend trading of our shares to the Toronto Stock Exchange and to expand our shareholder base," said Mr. McBee. "We are confident that our story and our success will resonate with Canada's investment community."
A total of 175 technology companies are listed on Toronto Stock Exchange and TSX Venture Exchange with a combined market capitalization of over $36 billion, as of May 31, 2012.
Mitel, headquartered in Ottawa, Ontario with offices, partners and resellers worldwide, is a global provider of business communications solutions and services, consisting of unified communications and collaboration software applications, IP telephony platforms, mobility applications and managed and network services.
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