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BRIEFLY

Mitel Corp. cleared an important hurdle.

February 24, 1986

The British government approved British Telecommunications PLC's bid to buy controlling interest in the Canadian telephone switching equipment maker. The deal gives British Telecom a North American toehold from which it hopes to expand aggressively into the United States. The British Department of Trade and Industry approved the purchase of a 51% interest in Mitel by British Telecom for $230 million. Mitel, which is based in Kanata, Canada, has lost money in recent years.

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