Mitel Tops List of "Highest Climbers" in 2008 Financial Post 500



    OTTAWA, June 20 /CNW Telbec/ - Mitel(R) has risen to the top spot among
the list of highest climbers in this year's edition of the Financial Post 500
(FP500), the definitive ranking of Canada's top companies by revenue.
    Mitel, a leader in business communications since 1973, completed a
$729 million acquisition of U.S.-based Inter-Tel Inc on August 16, 2007,
creating a, market leader in the global IP communications industry, including
leadership in the fast growing SMB sector of the market. The Mitel portfolio
boasts industry-leading systems, a comprehensive phone portfolio ranging from
cost-effective entry level phones to full-featured IP sets, and flexible
unified applications including messaging, audio and web conferencing, and
mobility solutions that are in high demand by SMBs and enterprise customers.
Mitel has tailored solutions that scale from the micro ((less than)5 users),
small ((less than)50 users), medium ((less than)1,000), and large enterprises
((greater than)1,000) to address the larger or distributed organization with
up to 65,000 users in a network.
    Through its acquisition of U.S.-based Inter-Tel and its presence in the
hot IP communications market, Mitel gained 189 positions in the FP500, leaping
ahead of companies such as Boeing Canada, Martinrea, Lundin, and AutoCanada
Income Fund. The full profile story can be found at:
<a href="http://shopping.nationalpost.canada.com/SS/Page.aspx?sstarg=&facing=false&secid=46366&pagenum=48">http://shopping.nationalpost.canada.com/SS/Page.aspx?sstarg=&facing=false&seci</a>
<a href="http://shopping.nationalpost.canada.com/SS/Page.aspx?sstarg=&facing=false&secid=46366&pagenum=48">d=46366&pagenum=48</a>.

    About Mitel

    Mitel delivers flexibility and simplicity in smart unified communications
solutions for organizations of all sizes. Combined with a full range of
managed services that include voice and data network design and traffic
provisioning, custom application development, and attractive financing
options, Mitel is reinventing how successful organizations gain competitive
advantage through better communications outcomes. Mitel has approximately
3,000 employees worldwide and over 1,500 value-added resellers, distributors
and systems integrators active in over 90 countries. Global headquarters are
located in Ottawa, Canada.

    FORWARD-LOOKING STATEMENTS

    Except for historical information provided herein, this press release may
contain information and statements of a forward-looking nature concerning the
future performance of Mitel. These statements are based on suppositions and
uncertainties as well as on management's best possible evaluation of future
events. Such factors may include, without excluding other considerations,
fluctuations in quarterly results, evolution in customer demand for the
Mitel's products and services, the impact of price pressures exerted by
competitors, and general market trends or economic changes. As a result,
readers are advised that actual results may differ from expected results.

    Mitel and logo are registered trademarks of Mitel Networks Corporation.




For further information:

For further information: Simon Gwatkin, (613) 592-2122 ext. 3503,
simon_gwatkin@mitel.com

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MITEL NETWORKS CORPORATION

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