Nortel to Sell Carrier VoIP and Application Solutions Business (Marketwire)
- Enters into sale agreements with GENBAND, Inc. for a purchase price of US$282 million, subject to balance sheet and other adjustments currently estimated at approximately US$100 million – Sale of business is best path forward for the future of Nortel’s Carrier VoIP and Application Solutions customers, employees and business – Agreements include the planned sale of substantially all assets …
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