World VoIP NewsGenband offers US282 million for the growing VoIP businessGenband offers US282 million for the growing VoIP business

Genband offers US282 million for the growing VoIP business


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Embattled telecommunications vendor Nortel is pressing ahead with its asset sell-off. Now up for grabs is its carrier VoIP unit.
Embattled telecommunications vendor Nortel is pressing ahead with its asset sell-off. Now up for grabs is its carrier VoIP unit. Despite Nortel's own bankruptcy, the division has been growing rapidly -- signing dozens of clients this year alone. Enterprise Networking Planet has the story.

Nortel is set to exit 2009 as little more than a shell of its former self as the beleaguered network telecom vendor works to sell off its assets. That effort continues with a new Nortel asset now on the auction block: its Carrier VoIP and Application Solutions (CVAS) business.

Already, there's been some interested in the unit. IP gateway vendor Genband has made a "stalking horse" bid for Nortel's CVAS business, with a starting offer of $282 million.




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