The Federal Trade Commission eliminates a waiting period that is part of the country’s antitrust laws, paving the way for the two vendors to merge.
Mitel’s $1.96 billion bid for video conferencing vendor Polycom has received the approval of regulators in the United States, with the Federal Trade Commission deciding to terminate the waiting period under an antitrust act.
The early termination of the waiting period in the Hart-Scott-Rodino Antitrust Improvements Act removed an obstacle to the proposed merger, which Mitel officials said will create a larger and more complete communications technology vendor that can better compete with such market leaders as Cisco Systems and Microsoft.
