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25-Sep-09 Industry Canada announced Thursday it will only allow Avaya Inc. to buy Nortel Networks Corp.'s enterprise business if Avaya can prove the US$915 million deal is beneficial to Canadians.

Industry Minister Tony Clement announced the review despite the fact that he is not reviewing the more expensive foreign acquisition of Nortel assets. LM Ericsson of Sweden has agreed to buy Nortel's carrier wireless assets for US$1.13 billion.

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Search Code: 12019
Published: September 25, 2009
Last Revised: September 25, 2009

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