Local Tech Wire

RESEARCH TRIANGLE PARK, N.C. – Bankrupt Nortel Networks has received a $39 million bid for its Multi Service Switch business unit.

Nortel is in the process of liquidating all its assets.

PSP Holding has submitted the bid, Nortel reported.

Nortel has been operating in bankruptcy since January 2009 and has sold most of its operations that at one time employed thousands of people in RTP.

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