Monday, January 04, 2010

Genband to buy Nortel VoIP; Global VoIP keeps Eaton connected

Global VoIP keeps Eaton connected; Nortel sells carrier VoIP biz to Genband for $282 million
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Spotlight Story
Genband to buy Nortel VoIP

While we were out on Christmas holiday, Genband signed an agreement last month late to buy Nortel's Carrier VoIP and Application Solutions Business Assets for $282 million and a total cost of ownership of over $400 million. Genband is working with One Equity Partners (one of Genband's existing shareholders) to acquire the Nortel assets. Like other Nortel asset sales, the purchase is subject to a competitive bidding process and closure is subject to customary legal and regulatory approvals. Read full story

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January 04, 2010

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