Avaya is reportedly offering $500 million for its enterprise business, while the wireless assets will go to Nokia Siemens Networks for $650 million, unless a higher bid comes along.
It was a long time coming, but the moment of truth appears to be upon telecom giant Nortel. Reports are surfacing that Avaya has offered $500 million for the company’s enterprise business, while we know Nokia Siemens Networks has offered $650 million for the wireless business. Things could change – different companies could bid higher for the pieces, or Nortel may decide to keep some smaller part of itself and relaunch out of bankruptcy protection. But the endgame is clearly unfolding.
