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Nortel Completes Tasman Networks Acquisition

  • 28 February, 2006 17:04

<p>TORONTO – Nortel* [NYSE/TSX: NT] announced that the company has completed the acquisition of Tasman Networks. Nortel paid US $99.5 million in cash for Tasman Networks. The acquisition was completed February 24, 2006.</p>
<p>Tasman Networks, an established networking company with a portfolio of secure, high-performance enterprise routers, is now part of Nortel's Enterprise Data Networks business unit. The products from the Tasman acquisition are marketed as part of Nortel's Secure Router line.</p>
<p>This furthers Nortel's strategy to be a leading provider of IP Telephony products and applications to the enterprise market, and the clear choice alternative of the data network infrastructure to enable converged multimedia applications.</p>
<p>About Nortel</p>
<p>Nortel is a recognized leader in delivering communications capabilities that enhance the human experience, ignite and power global commerce, and secure and protect the world’s most critical information. Our next-generation technologies, for both service providers and enterprises, span access and core networks, support multimedia and business-critical applications, and help eliminate today’s barriers to efficiency, speed and performance by simplifying networks and connecting people with information. Nortel does business in more than 150 countries. For more information, visit Nortel on the Web at www.nortel.com. For the latest Nortel news, visit www.nortel.com/news.</p>

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