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WAN NetworksAvaya Wins Auction For Nortel. What's Next?Avaya Wins Auction For Nortel. What's Next?
If you have been following the Nortel break-up, you know that Avaya won the stalking horse bid for Nortel. The final price is $900 million, a bit less than twice Avaya's initial bid of $475 million, and encompasses all of Nortel's Enterprise assets including unified communications, switching and routing and security product lines. The deal also includes approximately $15 million for employee retention. Nortel expects the court to approve the deal this week and close by the end of 2009, pending r
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