Today is an important day for Nortel Enterprise Solutions. Following our announcement on June 19th that Nortel is advancing in its discussions to sell its businesses, Nortel announced it has entered into a “stalking horse” asset and share sale agreement with Avaya Inc. for its North American, Caribbean, Latin American and Asia Enterprise Solutions business, and an asset sale agreement with Avaya for the Europe, Middle East and Africa portion of its Enterprise Solutions business, for US$475 million. These agreements include the planned sale of substantially all of the assets of the Enterprise Solutions business globally as well as the shares of Nortel Government Solutions Inc. and DiamondWare, Ltd.
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