Nortel to sell multi-service switch business

Monday 30 August 2010 | 08:22 CET | News
Nortel Networks has entered into a 'stalking horse' asset sale agreement with PSP Holding, a special purpose entity to be fully funded at closing by Marlin Equity Partners and Samnite Technologies. The contract is for the sale of substantially all of the assets of Nortel's Multi Service Switch (MSS) business for USD 39 million in cash. This includes the associated Data Packet Network and Shasta product groups and certain intellectual property related to the MSS business. Currently, subject to the terms of these agreements as well as any changes that may occur through the stalking horse and

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Categories: Fixed
Companies: Nortel Networks
Countries: World
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