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Nortel Obtains U.S. and Canadian Court Approval for Sale to Genband of Its Carrier Voip and Application Solutions Business

ENP Newswire 2010, March 5

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ENPNewswire-5 March 2010-Nortel Obtains U.S. and Canadian Court Approval for Sale to GENBAND of its Carrier VoIP and Application Solutions Business(C)2010 ENPublishing - http://www.enpublishing.co.uk Release date- 03032010 - TORONTO - Nortel* Networks Corporation [OTC: NRTLQ] announced that at a joint hearing today it, its principal operating subsidiary Nortel Networks Limited (NNL), and certain of its other subsidiaries including Nortel Networks Inc. (NNI) obtained orders from the United States Bankruptcy Court for the District of Delaware and the Ontario Superior Court of Justice approving the asset sale agreement with GENBAND, Inc. (GENBAND) for the sale of substantially all of the global assets of Nortel's Carrier VoIP and Application Solutions (CVAS) business.