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Nortel to Shed Yet Another Business Unit

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Cyprus Company Formation
Dec 30, 2008
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Bankrupt gearmaker Nortel has just inched closer to becoming a gearmaker no more. On Dec. 23, the company announced a preliminary agreement to sell a unit that makes software and gear for making cheap Web calls to telecom gearmaker Genband for $282 million, a sum that is subject to adjustment.


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