EU Signs Off On Avaya-Nortel Deal

By Jesse Greenspan

Law360, New York (November 19, 2009, 1:10 PM ET) -- The European Union's antitrust watchdog has given its blessing to Avaya Inc.'s proposed $915 million purchase of bankrupt Nortel Networks Corp.'s enterprise solutions business, following in the footsteps of the Federal Trade Commission and the Canadian Competition Bureau.

The European Commission said Thursday that the transaction would not significantly impede effective competition in the European Economic Area or any substantial part of it.

The agency acknowledged that Avaya and Nortel's enterprise solutions business are both active in PBXs, which are telephone exchange systems that connect the...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles