Avaya-Nortel deal clears more hurdles

Avaya announced that it has secured approval for its acquisition of Nortel's Enterprise Solutions division under the Hart-Scott-Rodino Act as well as from Canadian Competition Bureau.

Avaya's acquisition of Nortel's Enterprise Solutions division at first met a series of approvals from a U.S. Bankruptcy court judge and a Canadian court judge for the $915 million deal, but then more authorities got involved. Canadian authorities placed the deal under review, citing a provision in the "Investment Canada Act" that requires review of all foreign investments in Canadian companies exceeding $286 million. The deal could now close as early as December 7.

Meanwhile, Nortel has continued to launch product upgrades and improvements to keep its current VoIP customers happy. At Supercomm, the beleaguered communications vendor launched the CS2000a, an upgrade to its Communication Server 2000.

For more:
- read the release

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