Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, March 6, 2015

Article Excerpt

MITEL NETWORKS CORP., $12.24, symbol MNW on Toronto, has agreed to buy Mavenir Systems (symbol MVNR on New York) for $560 million U.S. in cash and stock. Right now, Mitel mainly offers communication services to businesses over land-line phones. Mavenir will help Mitel move into the market for voice-over long-term evolution, or VoLTE. This technology repackages voice calls as data and transmits them over wireless networks. It’s quickly becoming the standard for high-speed wireless communications. Users of Mavenir’s networking software include T-Mobile and Verizon Communications. In all, the company serves 130 telecom firms, including 15 of the world’s 20 largest mobile carriers. Mitel is a buy. Mitel Networks was recently covered in the Stock Pickers Digest Hotline for February 27, 2015. Click here to access it. Mitel Networks was recently covered in the December 2014 issue of Stock Pickers Digest. Click here to access it. MAJOR DRILLING GROUP INTERNATIONAL INC., $6.41, symbol MDI on Toronto, is a large contract-drilling firm that mainly serves the mining industry. In…