Chapter 11 hit Canadian equipment maker Nortel Networks has received approval from US and Canadian courts for Genband Inc’s US$282m stalking horse offer for the telco’s CVAS business.
Any other offers must be submitted by February 23, with the final…
Chapter 11 hit Canadian equipment maker Nortel Networks has received approval from US and Canadian courts for Genband Inc’s US$282m stalking horse offer for the telco’s CVAS business.
Any other offers must be submitted by February 23, with the final auction slated to take place on February 25 2010.
Nortel’s CVAS unit is the telco’s voice-over-internet-protocol calling unit.
