Avaya's Proposed Acquisition of Nortel Enterprise Solutions Receives HSR Act and Canadian Competition Act Clearance


BASKING RIDGE, NJ--(Marketwire - November 11, 2009) - Avaya today announced it was granted early termination of the antitrust waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR Act"), for the company's proposed acquisition of Nortel's enterprise solutions business.

Avaya also received regulatory clearance for the proposed transaction from the Canadian Competition Bureau. The Competition Bureau issued a no action letter, indicating that it does not have grounds to challenge the proposed transaction under the Competition Act.

The proposed acquisition is subject to additional regulatory reviews, and Avaya expects to close the transaction in December 2009.

About Avaya

Avaya is a global leader in enterprise communications systems. The company provides unified communications, contact centers, and related services directly and through its channel partners to leading businesses and organizations around the world. Enterprises of all sizes depend on Avaya for state-of-the-art communications that improve efficiency, collaboration, customer service and competitiveness. For more information please visit www.avaya.com.

Forward-Looking Statements

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Contact Information: Contact: Lynn Newman 908 953 8692 lynnnewman@avaya.com