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

Pardeep Kohli, Co-Founder and CEO of Ranzure Networks, Appointed CEO of Xura and to Serve as CEO of the Combined Company

- Establishes a pure play in fully-virtualized, 5G ready software solutions across every layer of the mobile network infrastructure stack, helping Communications Service Providers (“CSPs”) drive efficiencies, flexibility and scalability as they adopt the cloud and virtualize their networks

- New solution set enables customers to handle exponential traffic growth from Internet of Things (“IoT”) and 5G applications

- Krish Prabhu, former CTO of AT&T and former President of AT&T Labs, to join the Board of Directors of the combined company

- Combined company will be based in Dallas, Texas

WAKEFIELD, Mass. Dec 20 (Bernama-GLOBE NEWSWIRE) -- Xura, Inc. (“Xura”), a leading provider of digital communications services, today announced that its affiliates have entered into definitive agreements to acquire Mitel Mobility, Inc. (“Mitel Mobile”), a division of Mitel Networks Corporation (“Mitel”) (Nasdaq:MITL) (TSX:MNW), and Ranzure Networks, Inc. (“Ranzure”). 
       
- Mitel Mobile, formerly Mavenir Systems, is a leading provider of Voice-over-Long-Term Evolution (“VoLTE”), Voice-over-WiFi (“VoWiFi”), video, Rich Communication Services (“RCS”), messaging, radio access and packet core solutions

- Ranzure, founded by former Mavenir Systems CEO Pardeep Kohli, is an early-stage venture focused on developing 5G Cloud Radio Access Network (“RAN”) technology.

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