Genband To Buy Nortel VoIP Assets

Genband, a Plano, Texas-based provider of IP infrastructure solutions, has agreed to buy most of the assets of Nortel Networks' carrier VoIP and applications solutions businesses, for approximately $282 million. Genband is being backed on the deal by existing shareholder One Equity Partners. Genband had originally been named stalking horse bidder for the assets, and no other suitor emerged.

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