Avaya sheds networking business for $100M after bankruptcy filing
Avaya has entered into a $100 million agreement with Extreme Networks to sell its networking business after filing for bankruptcy in January.
Avaya has entered into a $100 million agreement with Extreme Networks to sell its networking business after filing for bankruptcy in January.
Company directors believed insolvency was imminent
Thursday marks the end of a very busy year of bankruptcy for Nortel, one that saw painful dismantling of the once mighty telecom giant and that leaves Avaya on the verge of revealing exactly what it plans to do with the enterprise VoIP and switching assets it bought.
Gunns is in the final stages of negotiation with the company's receivers
Refinancing essential to avoid liquidation, warns independent auditor