Avaya Selected To Acquire Nortel Enterprise Solutions

Avaya has been selected to acquire Nortel Enterprise Solutions for $900 million in proceeds to Nortel and an additional pool of $15 million reserved for an employee retention program.

This announcement follows the completion of an auction, and the final transaction is subject to court and customary regulatory approvals in Canada and the United States.

"Our successful bid brings us closer to adding Nortel and its complementary channel, portfolio, research and development, and global presence to Avaya," said Kevin Kennedy, president and CEO, Avaya. "We believe the acquisition brings inherent value to both organisations’ customers, employees and partners, and we look forward to its successful conclusion."

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Avaya is a global player in enterprise communications systems. The company provides unified communications, contact centres, and related services directly and through its channel partners to businesses and organisations around the world.