Avaya Acquisition of Nortel

On 14 September 2009, Avaya was selected, pending bankruptcy court approval, to acquire Nortel Enterprise Solutions for US $900 million and an additional pool of $15 million reserved for an employee retention program. The deal includes substantially all of the assets of Nortel’s global Enterprise Solutions business as well as the shares of Nortel Government Solutions, Incorporated and DiamondWare, Ltd. This announcement follows the completion of an auction, and the final transaction is subject to court and customary regulatory approvals in Canada and the United States.

Further regulatory review and approvals are required prior to closing the deal but this marks an important step in significantly strengthening Avaya’s leadership in business communications and positioning the company to effectively deliver industry leading enterprise communications solutions to customers around the globe.

In the meantime, please note that Avaya and Nortel are separate, independent and business is continuing on as usual. Please see the below PDF download from Avaya's President and CEO, Kevin Kennedy.