Nortel agrees to sell unit to Genband for $282M

NEW YORK (AP) - Nortel Networks Corp. said Wednesday it has agreed to sell nearly all the assets of its Carrier Voice over Internet Protocol and Application Solutions business globally to Genband Inc. for $282 million. Nortel, based in Toronto, has been selling its operations piece by piece since filing for creditor protection in January.

Continue to Nortel agrees to sell unit to Genband for $282M on FindLaw.

The Daily Law gives you the latest news about law and legal issues from all over the world. Click below for more reading.
The Daily Law