today announced that the Canadian Minister of Industry has approved the
company’s acquisition of Nortel Enterprise Solutions under the
Investment Canada Act.
is pleased with today’s approval and appreciates the rigor of the
Investment Canada Act review process and the diligent efforts made by
officials at Industry Canada, the Federal Government and the Ontario
Provincial Government," said Kevin J. Kennedy, president and CEO,
Avaya. "With this important milestone now behind us, we look forward to
finalizing a transaction that we believe will create inherent benefit
and value in Canada and worldwide."
company has now passed regulatory reviews in the United States, Canada
and the European Union, and expects to close the transaction this