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Avaya agrees to buy Nortel enterprise unit

Greg Meckbach | July 21, 2009
Nortel has been operating under bankruptcy protection since January.

Thomas said it's "doubtful" anyone else would be interested in acquiring Nortel's enterprise unit.

Newman said it's up to the courts to decide when any other potential buyers would have to place their bids, but that would "normally" be in 30 to 60 days.

If Avaya buys the enterprise unit and Nokia Siemens Networks buys the carrier wireless assets, which include CDMA and LTE technologies, this would leave Nortel with its metro Ethernet unit, for which is it also searching for buyers.

 

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