Nortel's GSM business also on auction blockOctober 2nd, 2009 TORONTO - Nortel, the 124-year-old Canadian telephone equipment company that is selling its various businesses to pay off its debtors, has announced to auction its GSM (global system for mobile communication) business also. Like the previous auctions of the company's wireless business and enterprise unit, the GSM division will also be sold through "open auction", Toronto-based Nortel said in a statement here.
Canada to review Avaya purchase of Nortel assets to determine if deal benefits CanadaSeptember 24th, 2009 Canada to review Nortel-Avaya dealTORONTO — Canada's industry minister said Thursday he will review the sale of Nortel's enterprise division to U.S. telecom company Avaya to determine if the deal significantly benefits Canada.
Nortel puts carrier network business also on saleSeptember 23rd, 2009 TORONTO - The bankrupt Nortel has taken yet another step closer to fading into history by announcing auction of its carrier networks business. The decision was announced Monday.
Judges in US, Canada approve bankruptcy sale of Nortel business systems unitSeptember 16th, 2009 US, Canadian judges approve Nortel bankruptcy saleWILMINGTON, Del. — Nortel Networks Inc.
Bankruptcy judge rejects Verizon objection to sale of Nortel business systems unitSeptember 16th, 2009 Nortel bankruptcy judge denies Verizon objectionWILMINGTON, Del. — The judge presiding over the Nortel Networks bankruptcy has ruled against an objection by Verizon Communications Inc.
Nortel Networks to sell business communications segment to Avaya for $900 millionSeptember 14th, 2009 Avaya in $900 million deal for Nortel businessNEW YORK — Nortel Networks, which has been operating under bankruptcy protection since January, has selected Avaya as the successful bidder for its segment that makes communications systems for businesses. Basking Ridge, N.J.-based Avaya Inc.
Nortel to sell its enterprise business FridaySeptember 5th, 2009 TORONTO - Toronto-based Nortel, which is selling its businesses to pay off its creditors, will auction its second biggest division next Friday. The enterprise unit that makes network equipment will be auctioned under court supervision.
Vice President Biden touts recovery act at National Urban League conference in ChicagoJuly 31st, 2009 Biden touts recovery act at Chicago conferenceCHICAGO — Vice President Joe Biden touted the $787 billion federal stimulus effort on Friday, saying he sees signs that the recession could end soon, but also called the package "the most misunderstood" piece of legislation. "What part of this act is about was not keeping people from falling through the cracks, but keeping them from falling in a deep black hole," he said in a speech at the National Urban League conference.
Avaya GlobalConnect reports third quarter resultsJuly 20th, 2009 NEW DELHI - Avaya GlobalConnect, one of India's leading solution integrators for enterprise communication solutions, announced its quarter results for the quarter ended June 30.he company has recorded Total Income of Rs. 121.53 crores in the India market and Net Profit of Rs.
Avaya announces new initiatives for mid-size contact center marketMay 30th, 2009 BASKING RIDGE/NEW JERSEY - Avaya Inc. today announced new initiatives related to its flagship contact center solution for mid-size businesses - Avaya Contact Center Express - that enable organizations to deploy the sophisticated customer service capabilities of larger businesses in a simplified, fully-integrated and more cost-effective way.
RBI Governor advises banks to invest in newer technologiesMay 18th, 2009 HYDERABAD - To meet the demands of households and businesses, Reserve Bank of India Governor Duvvuri Subbarao on Monday advised banks to invest in newer technologies. "We know that investment in newer technologies must be made to modernise the existing operations, to face competitive challenges and to meet customer expectations.
Avaya GlobalConnect appoints new leaderMay 4th, 2009 NEW DELHI - Avaya GlobalConnect (AGC), India's leading business communications solution provider, has appointed Anil Nair as the New MD. Prior to this, Anil was the President at AGC.
Coca-Cola CEO: Beverage maker to take advantage of economic crisis, expand businessApril 22nd, 2009 Coca-Cola CEO says company to grow in tough timesDULUTH, Ga. — Coca-Cola Co.
Economic slowdown to end by October-December: SurveyApril 6th, 2009 NEW DELHI - A majority of chief information officers (CIOs) of companies in India expect the economic slowdown to end by October-December 2009, a survey conducted by market intelligence IT consulting major IDC India showed Monday. The survey, titled 'Identifying Opportunities in the Current Economic Scenario', was conducted among 467 CIOs from mid-sized and large enterprises across 18 industry verticals in February-March 2009, IDC said.
Aditya Birla completes Apollo Sindhoori acquisitionMarch 10th, 2009 MUMBAI - Diversified company Aditya Birla Nuvo Ltd Monday said it has completed the acquisition of 76 percent stake in the retail broking firm of the Apollo Hospitals Group. The group bought 56 percent in Apollo Sindhoori Capital Investment from the promoters and another 20 percent through an open offer.
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