Canada's industry minister says he will review the sale of Nortel's enterprise division to U.S. telecom company Avaya to determine if the deal significantly benefits Canada.
The insolvent company announced last week it would sell the enterprise division to New Jersey-based Avaya Inc. for $900 million. The firm makes telecom equipment used by companies, governments and other big customers.
Industry minister Tony Clement told an investment group Thursday that the Canadian government will review the deal under the Investment Canada Act to ensure the transaction benefits the country.
Earlier this week, Nortel announced plans to sell its last major unit, its Carrier Networks business, in an auction.
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