Nortel to Sell Multi Service Switch Business

Fri, 27 Aug 2010 04:21:40 -0700
- Enters into sale agreements for Multi Service Switch business with PSP Holding LLC, a special purpose entity to be fully funded at closing by Marlin Equity Partners and Canadian based Samnite Technologies Inc. for US$39 million in cash - Agreements include the planned sale of substantially all assets within the Multi Service Switch business globally
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