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It's official - Avaya now owns Nortel ES
At long last, months since the September auction which saw Avaya win Nortel's Enterprise Solutions unit over Siemens, the $900 million deal has gone through.
The purchase of Nortel's ES unit closed Friday and now the industry has to wait and see how the merger will take shape. Some industry voices are wondering if the absorption of key Nortel staff and product lines will be a long and arduous process or be quick and painless. Bloomberg has reported that Avaya will be keeping more Nortel employees than it previously expected because the ES unit has held up well during the merger. An estimated 6,000 Nortel ES employees will stay on after the acquisition is completed. The company claims it will reveal more details over the next 30 days.
For more:
- read this article
- and this Bloomberg story
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