* Says Genband cutting price by $37 mln
* Says dispute over terms of sale agreement
* Files separate lawsuit against Nokia Siemens
* Nokia Siemens sued for breach of contract
By Santosh Nadgir
(Adds details on Nokia Siemens lawsuit from separate court
Nov 18 Nortel Networks Corp NRTLQ.PK said
Genband Inc was looking to "drastically and improperly" reduce
its offer price for a Nortel business unit which it agreed to
buy in December 2009.
Nortel has also sued Nokia Siemens Networks for failing to
pay for certain trial equipment, according to court papers
filed on Thursday.
In court papers filed late on Wednesday, Nortel said
Genband, which agreed to buy its carrier Voice over Internet
Protocol and application solutions (CVAS) business for $179.5
million, was looking to reduce the price to $142.9 million by
using certain provisions in the sale agreement.
Genband did not immediately return calls seeking comment.
"This is a disagreement about the clear terms of the sale
agreement - and, in particular, Genband's attempt to disregard
those clear terms," Nortel said.
Last December, Nokia Siemens lost a bid for Nortel's
optical networking and carrier ethernet business to Ciena Corp
CIEN.O following which it received a break-up fee of $22.5
million from Nortel.
Nortel claims that Nokia Siemens breached a purchase and
license agreement after losing that bid.
It was not immediately clear how much Nortel had sought in
damages, as many parts of the 15-page lawsuit were kept
Nokia Siemens did not immediately return calls seeking
Once North America's biggest telecommunications equipment
company, Nortel filed for bankruptcy protection in January
Rather than attempting to restructure, it is auctioning off
its assets in an attempt to pay back creditors.
(Reporting by Santosh Nadgir in Bangalore; Editing by Roshni