July 5, 2017
Advances unified communications product portfolio.
Improves competitiveness and ability to serve SMB customers.
Creates increased operating expense synergies.
Accretive to free cash flow.
IRVINE, CALIFORNIA AND SAN JOSE, CALIFORNIA – PROTEL COMMUNICATIONS announced today that it has finalized a definitive agreement to acquire the Mitel customer base of Advantel Networks. Advantel Networks is a global leader in providing Enterprise and cloud-based unified communications solutions to small, medium, and large-sized businesses. The company offers a broad suite of services and is an industry leader in the communications space.
"This is a unique transaction that brings Protel's service offerings to an even larger geographic area and install base, and fits perfectly into Protel's already expansive Mitel customer list. This will help further expansion of our unified communications solutions and will improve our competitiveness and ability to provide enhanced services to business customers. The transaction also will enable us to leverage our already existing group of experienced technical experts operating across our California footprint," said Michael Promotico, President and Chief Executive Officer of Protel Communications Incorporated.
"Advantel has been extremely successful over the years and we look forward to partnering with them and transforming its Mitel legacy telecom business into Protel's family. It's a natural fit for our strategic direction. We look forward to combining the accretive business and expanding it by delivering best-in-class services to customers within California and across the country", Promotico added.
All financial information regarding this transaction is currently unavailable. The boards of both companies approved the transaction.
The transaction officially closed on July 1, 2017, subject to customary closing conditions.
Protel Communications Incorporated, is a leading provider of advanced network communications and technology solutions for consumers, businesses, enterprise organizations and customers across the U.S. Protel offers bundled services, including Telco, VOIP, Cloud ,security solutions, and voice and data to consumers. The company also provides unified communications and managed services to small business and enterprise clients. Additional information is available at www.goprotel.com. Please visit our newsroom or follow us on Twitter at twitter.com/Protel_Com.