../Morning Post
Posted September 25, 2009
____________________
Requested Review

Government of Canada to Review the Sale of Nortel Assets to Avaya Under the Investment Canada Act

OTTAWA - Yesterday, Tony Clement, Minister of Industry, issued the following statement regarding the acquisition of Nortel Networks Corporation's Enterprise Solutions Division by Avaya Inc.

"Avaya filed an application for review under the Investment Canada Act (ICA) of its proposed acquisition of Nortel's Enterprise Solutions Division.

"The Nortel assets being sold to Avaya exceed the threshold set by the ICA ($312 million); therefore a review is automatically required.

"I only approve applications where the investor demonstrates that its investment is likely to be of net benefit to Canada.

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