Nortel Announces GENBAND as Successful Acquirer of its Carrier VoIP and Application Solutions Business (Marketwire)
- Working toward a Q2 2010 closing of the asset sale agreements with GENBAND for a purchase price of US$282 million subject to balance sheet and other adjustments currently estimated at US$100 million for a net purchase price of approximately US$182 million – U.S. and Canadian court approvals of sale will be sought at a joint hearing on March 3, 2010
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