Thursday, 30 July 2009

Nortel mulls sale of Turkish unit

Canada's Nortel Networks is considering selling its 53.13% stake in Turkish operation Nortel Netas, the Ihlas News Agency (IHA) reported Thursday, according to Dow Jones Newswires.

The sale of the unit is a "strategic option" to Nortel, the IHA said.

Istanbul-based Nortel Netas provides telecoms networks solutions.

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