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Avaya’s Nortel purchase receives Investment Canada Act approval

Avaya Corp. has announced that federal Industry Minister Tony Clement has approved the company’s acquisi...


December 9, 2009  


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Avaya Corp. has announced that federal Industry Minister Tony Clement has approved the company’s acquisition of Nortel Enterprise Solutions under the Investment Canada Act.

 

“Avaya is pleased with today’s approval and appreciates the rigor of the Investment Canada Act review process and the diligent efforts made by officials at Industry Canada, the federal government and the Ontario provincial government,” said Kevin Kennedy, president and CEO.

 

“With this important milestone now behind us, we look forward to finalizing a transaction that we believe will create inherent benefit and value in Canada and worldwide.”

 

The company has now passed regulatory reviews in the U.S., Canada and the European Union, and expects to close the transaction this month.