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Genband Snaps Up Much of Nortel VoIP Assets

December 29, 2009

Genband and Nortel announced that they'd entered into an asset sale agreement that will have Genband shelling out $282 million to buy substantially all of Nortel's North America, Caribbean and Latin America (CALA) and Asia Carrier VoIP and Application Solutions (CVAS) businesses. The acquisition will realign the VoIP equipment and support market, pitting Genband against giants Avaya and Cisco.

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