Nortel Acquires Tasman Networks to Strengthen End-to-End Convergence Solutions

TORONTO - Nortel* [NYSE/TSX: NT] has enhanced its ability to deliver end-to-end converged enterprise networks with the agreement to acquire Tasman Networks, an established networking company that provides a portfolio of secure, high-performance enterprise routers. Under the terms of the agreement, Nortel will pay U.S. $99.5 million in cash for Tasman Networks. The acquisition is anticipated to close in the first quarter of 2006 and is subject to customary closing conditions.

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