Nortel to sell enterprise unit to Avaya - report

Tuesday 30 June 2009 | 09:17 CET | News
Nortel is close to a deal to sell its enterprise unit to Avaya for up to USD 500 million, the Globe and Mail reports. The two were late last week close to signing the paperwork on the deal, a source familiar with the situation said. The two companies had alerted some of their major customers and resellers during the week that a possible deal was in the works. Spokespeople from both Nortel and Avaya declined to comment. Nortel's enterprise unit makes network equipment for businesses and other organizations and competes with Avaya, Cisco Systems and Siemens Enterprise Communications. The unit

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Categories: Fixed
Companies: Avaya / Nortel
Countries: World
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