March 22 (Reuters) - Mitel Networks Corp MNW.TO :
* MITEL ANNOUNCES DEFINITIVE AGREEMENT TO SELL DETEWE TO GERMAN ICT SYSTEMS INTEGRATOR OSTERTAG GROUP
* MITEL NETWORKS CORP - FINANCIAL DETAILS OF TRANSACTION WERE NOT DISCLOSED.
* MITEL NETWORKS CORP - MANUEL FERRE-HERNANDEZ, CURRENTLY COUNTRY MANAGER OF MITEL GERMANY, IMMEDIATELY BECOMES MANAGING DIRECTOR OF MITEL GERMANY
* MITEL NETWORKS CORP - ONCE DEAL COMPLETED, CHRISTIAN FRON WILL JOIN OSTERTAG HOLDING GMBH AS A MEMBER OF THEIR EXECUTIVE MANAGEMENT TEAM
* MITEL NETWORKS - UPON DEAL CLOSING, DETEWE, AS PART OF OSTERTAG GROUP, TO CONTINUE TO BE CHANNEL PARTNER FOR MITEL IN GERMANY, & ALL EXISTING SUPPLIERS
* MITEL NETWORKS CORP - OSTERTAG WILL ACQUIRE DETEWE COMMUNICATIONS GMBH, MITEL'S DIRECT SYSTEMS INTEGRATION BUSINESS IN GERMANY