Affiliates of Xura Enter into Agreements to Acquire Mitel Mobile and Ranzure Networks to Create a New Key Player in 5G Ready Mobile Network Solutions - Seite 2

Well Positioned to Partner with Customers to Bring the Next Wave of Digital Services to Market

The transaction enhances each standalone company's ability to help CSPs bring the latest monetizable services to market, while driving operating efficiencies, increased service levels, and greater flexibility and scalability as they adopt the cloud and virtualize their networks. The combined company is positioned for long-term success in the digital communications ecosystem across multiple dimensions:

• Product Portfolio: The combination diversifies and bolsters each predecessor company's standalone product portfolio, delivering a comprehensive 5G ready, fully-virtualized solution set across voicemail, VoLTE, VoWiFi, video, RCS, messaging, security, radio access and packet core
• Innovation and 5G Focus: The combination leverages each company's significant investments to date in fully-virtualized and 5G ready solutions, a combined team of over 2,000 talented people dedicated to bringing 5G ready solutions to market, and a mutual focus on continued innovation
• Customers at the Core: The combined company will keep customers at the core of its strategy with the vision to be the trusted partner of choice for CSPs as their business needs evolve
• Operational Excellence: The combined company will have scalable R&D centers of excellence in the United States, Israel, Czech Republic, India and China, enabling first-rate global support capabilities
• Management Talent: The combination adds talented and experienced executives to supplement the Xura team, complemented by a strong Board of Directors

Hubert de Pesquidoux commented:

"This is an exciting day for the three companies' stakeholders. The combination of Xura's offerings in voicemail, messaging, monetization and security solutions with Mitel Mobile's offerings in next-generation voice, video, RCS, network access and core solutions, alongside Ranzure's 5G Cloud RAN technology, will offer a comprehensive, best-in-class solution set to the combined company's global CSP customer base. Mitel Mobile and its heritage Mavenir brand and technology are synonymous with world-class innovation and customer support, and we are delighted to welcome Pardeep Kohli, who is uniquely positioned to lead the combined company."