Cable & Telecom

Nortel sells off CVAS business to Genband

TORONTO – Nortel Networks is selling its carrier VoIP and application solutions (CVAS) business to Genband Inc. for US$282 million, subject to balance sheet and other adjustments currently estimated at approximately US$100 million.The 'stalking horse' asset sale agreement includes the planned sale of substantially all assets of the CVAS business globally, including softswitching, gateways and SIP applications. These agreements also include all patents and intellectual property that are predominantly used in the CVAS business.Subject to the terms of these agreements, as well as any changes that may occur through the stalking horse and sale process, a “significant majority” of CVAS employees...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.