Date Closed

February 28, 2005

Lead Office

Toronto

In February 2005, Aastra Technologies Ltd., a Toronto-based TSX-listed company that develops and markets products for accessing communications networks including the Internet, acquired the Enterprise Telephony Business of the European Aeronautic Defence and Space Company (EADS), the company that makes, among other things, the Airbus commercial aircraft. This Enterprise Telephony Business supplies systems based on leading-edge technologies, such as telephony-over-internet protocol, multimedia applications, and call centres. This business includes a unit in Western Europe, with a significant presence in France, that is focused on VoIP enabled communication systems for medium to large enterprises, as well as a separate unit focused on communications solutions for the very large call center and campus market in the United States. The purchase price was approximately C$115 million, subject to customary closing adjustments.

McCarthy Tétrault advised Aastra with a team that was led by George Takach.