Mitel, EBX to Do Telecommunications Joint Venture, Brazil's Valor Reports

Mitel Networks Corp. and Brazilian billionaire Eike Batista's EBX Group Ltd. signed a letter of intent for a joint venture to make Internet-protocol telephones and video systems in Brazil, Valor Economico reported.

Mitel and EBX will announce the agreement this month, the Sao Paulo-based newspaper said, citing Terence Matthews, head of Mitel.

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