Friday, August 28, 2009

Nortel Starts Talks to Sell Turkish Unit Netas (Update1) - Bloomberg.com

"Nortel Starts Talks to Sell Turkish Unit Netas

By Seda Sezer

Aug. 28 (Bloomberg) -- Nortel Networks Corp. started talks to sell a majority stake in its Turkish unit.

Nortel is considering “strategic options” including a sale of 53 percent of Nortel Networks Netas Telekomunikasyon AS, according to a filing with the Istanbul Stock Exchange today."

More:Nortel Starts Talks to Sell Turkish Unit Netas (Update1) - Bloomberg.com