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12-08-2009, 02:14 AM
The Avaya-Nortel deal has been getting approval across the board. After the U.S. and the EU, it's Canada's turn again. Canada's Minister of Industry Tony Clement approved Avaya's acquisition of Nortel Networks enterprise solutions operations on Friday.
The $915 million acquisition should be completed by the end of the month and some estimates had wagered the deal would be closed by the end of today.
A few weeks ago, Avaya's proposed purchase of Nortel's enterprise solutions unit got approval from the European Commission. Earlier in November, Avaya secured approval for the deal under the Hart-Scott-Rodino Act as well as from the Canadian Competition Bureau. Even before Avaya got these approvals, the acquisition met a series of approvals from a U.S. Bankruptcy court judge and a Canadian court judge.
The deal was really about the customers and convincing them to migrate their phone systems to Avaya gear over time, Zeus Kerravala, an analyst with the Yankee group told Network World back in June.
For more:
- read this WSJ article
(http://online.wsj.com/article/BT-CO-20091204-713563.html)- read more from Kerravala in this Network World story (http://www.networkworld.com/news/2009/062509-nortel-avaya.html?fsrc=netflash-rss)
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Avaya-Nortel deal clears Canadian hurdles (http://www.fiercevoip.com/story/avaya-nortel-deal-jumps-more-hurdles/2009-11-12)
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Avaya-Nortel deal hits Canadian snag (http://www.fiercevoip.com/story/avaya-nortel-deal-hits-canadian-snag/2009-09-24)
Avaya fires back at Verizon over Nortel bid (http://www.fiercevoip.com/story/avaya-fires-back-verizon-over-nortel-bid/2009-09-11)
Verizon seeks to block Avaya's Nortel bid (http://www.fiercevoip.com/story/verizon-seeks-block-avayas-nortel-bid/2009-09-10)
More... (http://www.fiercevoip.com/story/avaya-nortel-deal-gets-canadian-approval/2009-12-07?utm_medium=rss&utm_source=rss&cmp-id=OTC-RSS-FV0)
The $915 million acquisition should be completed by the end of the month and some estimates had wagered the deal would be closed by the end of today.
A few weeks ago, Avaya's proposed purchase of Nortel's enterprise solutions unit got approval from the European Commission. Earlier in November, Avaya secured approval for the deal under the Hart-Scott-Rodino Act as well as from the Canadian Competition Bureau. Even before Avaya got these approvals, the acquisition met a series of approvals from a U.S. Bankruptcy court judge and a Canadian court judge.
The deal was really about the customers and convincing them to migrate their phone systems to Avaya gear over time, Zeus Kerravala, an analyst with the Yankee group told Network World back in June.
For more:
- read this WSJ article
(http://online.wsj.com/article/BT-CO-20091204-713563.html)- read more from Kerravala in this Network World story (http://www.networkworld.com/news/2009/062509-nortel-avaya.html?fsrc=netflash-rss)
Related articles
Avaya-Nortel deal clears Canadian hurdles (http://www.fiercevoip.com/story/avaya-nortel-deal-jumps-more-hurdles/2009-11-12)
Nortel upgrades CS2000 (http://www.fiercevoip.com/story/nortel-voip-technology-upgrades-continue-despite-hardships/2009-10-22?utm_medium=rss&utm_source=rss&cmp-id=OTC-RSS-FV0)
Avaya-Nortel deal hits Canadian snag (http://www.fiercevoip.com/story/avaya-nortel-deal-hits-canadian-snag/2009-09-24)
Avaya fires back at Verizon over Nortel bid (http://www.fiercevoip.com/story/avaya-fires-back-verizon-over-nortel-bid/2009-09-11)
Verizon seeks to block Avaya's Nortel bid (http://www.fiercevoip.com/story/verizon-seeks-block-avayas-nortel-bid/2009-09-10)
More... (http://www.fiercevoip.com/story/avaya-nortel-deal-gets-canadian-approval/2009-12-07?utm_medium=rss&utm_source=rss&cmp-id=OTC-RSS-FV0)