Nortel has won court approval for the sale of its carrierVoIP and applications solutions (CVAS) business to Genband, a Texas-based Internetprotocol specialist, for $282m.
The sale of the units in the UK is subject to an additionalagreement that is understood to still be in the works.
The latest stalking horse sale of Nortel assets was quietlyannounced on 28 December last year, and under the terms of the deal,competitive bidders have until 23 February to submit higher bids ahead of thefinal auction date, set for 25 February.
Meanwhile, Avaya, which finalised the acquisition of thebulk of Nortel's enterprise business over the Christmas break, has announced itwill be taking over Nortel's responsibilities as "Official Supplier ofConverged Network Equipment" for the 2010 Winter Olympic Games in Vancouver, which start inFebruary.
Nortel parted company with the organisers of the 2012 Gamesin London lastsummer before the Avaya purchase. This contract was subsequently awarded torival Cisco.