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Lucent sells a unit for $60 million

Lucent Technologies has sold its division that creates a way to block unwanted signals from a telephone network to Massachusetts-based telephone equipment provider NMS Communications for $60 million in cash, NMS Communications said Monday. The deal, expected to close by year's end, also makes NMS the exclusive supplier of sound quality equipment for Lucent, according to NMS.

Lucent Technologies has sold its division that creates a way to block unwanted signals from a telephone network to Massachusetts-based telephone equipment provider NMS Communications for $60 million in cash, NMS Communications said Monday.

The deal, expected to close by year's end, also makes NMS the exclusive supplier of sound quality equipment for Lucent, according to NMS.