<p>Two of the country's unified communications companies are coming together to make an operating firm with US$1 billion in sales.</p><p>Ottawa's Mitel Networks Corp. is buying Concord, Ont.'s Aastra Technologies Ltd. in a share and cash deal worth $392 million. When the transaction is finished 57 per cent of the stock will be held by Mitel shareholders, while the remaining 43 per cent will be held by Aastra stochholders.</p><p>Aastra's fortunes have been up and down. Although it had 62 consecutive profitable quarters, it began looking at its options following its Q1 results that posted a small after tax profit of $85,000 due to falling revenue. Last month its Q3 numbers were better with revenue of $139. 6 million, up 1.9 per cent from the same period in 2012. Profit was $5.5 million, compared to just under $1 million for the same period a year ago.</p><p>In a recent report Kris Thompson of National Bank Financial noted Aastra is generating "reliable, yet declining, cash flow."</p><p><a href="http://www.itworldcanada.com/article/canadian-unified-communications-companies-to-merge/86564">Keep reading...</a></p><p>Read also:</p><p><a href="http://www.cbc.ca/news/business/mitel-buys-aastra-in-400m-telecom-merger-1.2422219">Mitel buys Aastra in $ 400M telecom merger</a> (CBC.ca)</p><p><a href="http://www.hispanicbusiness.com/2013/11/11/mitel_and_aastra_announce_plan_to.htm">Mitel and Aastra Announce Plan to Merge</a> (HispanicBusiness.com)</p><p>Explore: <a href="http://news.google.com/news/more?ncl=d4DU3NXNJROXgLMqPLsF8Xl5r1nPM&ned=us">49 additional articles.</a></p>