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Articles tagged with: Nortel Networks and Avaya
Canada to review Nortel-Avaya deal
Canada's industry minister said Thursday he will review the sale of Nortel's enterprise division to U.S. telecom company Avaya to determine if the deal significantly benefits Canada. more
Related Tags: Canada
Nortel Confirms Avaya Buying its Enterprise Solutions Division
Nortel has confirmed that Avaya is to be the buyer of its global Enterprise Solutions business after paying US$900 million in cash to Nortel, with an additional pool of US$15 million reserved for an employee retention program. The transaction also includes the shares of Nortel Government Solutions Incorporated and DiamondWare, Ltd. more
Related Tags: Canada
Nortel Gets Approval for Enterprise Networking Division Sale
Nortel Networks has received approval from the courts managing its bankruptcy to sell off its enterprise networking business. The company already has an offer from Avaya for US$475 million, under the same "stalking horse" system it used when selling off its wireless networking business to Ericsson. more
Related Tags: Canada
Nortel Sells Enterprise Unit to Avaya for $475 Million
Nortel Networks has inked a deal to sell its phone systems business to Avaya for US$475 million. The transaction is being structured as a "stalking horse" sale, which allows counter-bids from other companies, although Nortel would have to pay a break-up fee to Avaya should a higher offer emerge. more
Related Tags: Canada
Avaya Agrees To Be Taken Private For $8.2 Billion In Cash
WASHINGTON (Dow Jones) -- Avaya has agreed to be acquired by two investment firms in an $8.2 billion deal that would take the developer of corporate-phone systems private. more
Related Tags: at&t, alltel, nortel, texas, cisco, cisco-systems, patents