Canada's industry minister said Thursday 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 enterprise unit supplies landline phone systems and other communications equipment to businesses and large organizations around the world.
Industry minister Tony Clement told an investment group that the Canadian government will review the deal under the Investment Canada Act to ensure the transaction benefits the country.
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