Avaya, Nortel deal could create leader-analysts

A merger between Avaya Inc. and Canada's Nortel Networks Corp. could create a leading vendor of Web-based phone systems, analysts said on Tuesday, as talk swirled over a possible buyout bid for the U.S. telecommunications equipment maker.

Avaya has long been the subject of takeover speculation because of its small size compared to rivals like Cisco Systems Inc. and due to a growing number of companies vying to sell Internet protocol (IP) phone systems to businesses.

Such talk intensified over the weekend after Avaya postponed an investor conference and media reports said it was negotiating with potential bidders including Nortel and private equity firms.

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- Posted: 2007-05-30 10:20:55

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