Nortel unit auction nets $915M

By Geert De Lombaerde Posted on September 14, 2009 at 9:33 am

Networking giant Avaya will pay more than $900 million for the enterprise telecommunications division of Nortel, which is winding down its operations in bankruptcy court. Nortel’s Nashville-based U.S. operations not that long ago employed more than 1,000.

SEE ALSO: The company’s press release from this morning

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Tags: auctions, Avaya Inc., bankruptcy, Nortel Networks Inc., telecommunications