Tuesday, September 15, 2009

Avaya May Gain Nortel Unit

Avaya recently made a top bid for a unit of Nortel that makes networking and communications equipment for corporations and governments. The bid is worth $900 million, however the deal has to overcome some hurdles before it can go through. Verizon is apparently arguing against the deal in a bankruptcy court, stating that this deal could be of relevance to national security. It is expected that the bid will go through despite Verizons concerns.

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