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Electronics Production | June 22, 2006

Talk between Siemens, Avaya and Nortel

According to different media reports Siemens AG in Germany is in major talks with Nortel and Avaya for the sale of a unit that supplies telecommunications gear.

A close person to the company told Dow Jones Newswire that "Siemens has been in talks with both companies for a while now." Also a close person to Avaya confirmed that the companies are talking to each other. Both of the companies refuse to comment. A representative from Nortel wasn't available to comment.
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