Avaya Inc. has received Canada’s blessing for the pending takeover of Nortel Networks’ enterprise division.
Tony Clement, Canada’s Minister of Industry, said late last week he believes the ownership change will benefit his country, citing Avaya’s promise to keep operating Nortel’s Belleville, Ont., and Ottawa R&D facilities.
At the same time, Avaya says it has received the necessary approvals from regulators in the United States, Canada and the European Union; the telecom equipment maker expects to close the Nortel deal this month.
On the employment front, the good news could and should be that Avaya expects to hire at least 5,700 Nortel workers worldwide, a spokeswoman told the Triangle Business Journal. Avaya sent offer letters to those people a few weeks ago but the company wouldn’t divulge how many work in Nortel’s Research Triangle Park facilities in North Carolina.
Avaya won Nortel’s enterprise assets at auction in September after bidding about $900 million for the properties.
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October 12 2018 @ 15:55:08 UTC