Avaya wins Nortel Enterprise Solutions

Avaya announced it was selected to acquire Nortel Enterprise Solutions for US$900 million in proceeds to Nortel and an additional pool of US$15 million reserved for an employee retention programme.

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

“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.”