Business communications firm Avaya's proposed acquisition of Nortel's
Enterprise Solutions business has been sanctioned by the European Union, paving
the way for the $900m (£544m) deal to go ahead.
After an auction process in September, Avaya
made
the bid for ailing Canadian comms giant Nortel, which
filed
for bankruptcy protection in January and has been selling off pieces of its
business ever since.
The European Commission said in a statement that the deal does not raise any
"competition concerns" in the unified communications market or in the PBX and
contact centre markets.
"The Commission's investigation revealed that the markets for PBXs and
contact centres are very dynamic, and are moving to internet protocol-based
technologies," read the statement.
"Post-merger, the combined entity would continue to face a number of strong
and effective competitors, giving customers the choice from a range of
alternative providers for PBXs and contact centres."
Presumably not wanting to tempt fate, Avaya is keeping tight lipped on the
deal until it is officially completed but, with the EC following Canadian
regulators in giving its assent, it seems increasingly likely that this will
happen sooner rather than later.
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