Nortel: Clement Capitulates, Will Review Sale to Avaya

Bowing to political pressure, Canada’s industry minister says he’ll review the pending $900 million sale of Nortel’s enterprise unit to Avaya Inc.

Tony Clement is to determine whether the deal “significantly benefits” his country.

Clement had previously insisted he wouldn’t review the Nortel sales – the first was of the wireless assets to Ericsson – but he has changed his tune amid growing calls for government intervention.

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