Nortel VoIP, staff go to Genband

Nortel Networks has been selling Voice over Internet Protocol business Genband for $ 182,000,000 in the move which will see many former Nortel employees moving to the new buyer, bankruptcy tech company announced Friday.

The workers are Nortel Carrier VoIP

Most of the workers are Nortel Carrier VoIP and Application Solutions (CVAS) relates to the Texas-based Genband, Ottawa-based Nortel said the release.

Today's announcement is another successful milestone in maintaining the Nortel Carrier VoIP Technology Innovation and the establishment of skilled workers, "said George Riedel, Nortel senior strategy officer and president.

The company

The company, when the leading telecommunications equipment, has spent the past few months auction off pieces of its business by trying to pay back the debt.