On January 19th Avaya announced that it had filed voluntary petitions under chapter 11 of the U.S. Bankruptcy Code in order to facilitate a restructuring of the company and improve its balance sheet which will involve a major financial overhaul in order to remain a worldwide Top Tier provider of Telephony and VoIP solutions.

Aims of the Restructure

This move is intended to:

  • Remove uncertainty by setting out a stabilisation plan
  • Preserve Avaya’s Portfolio for Avaya partners and customers
  • Improve Avaya’s balance sheet by reducing its overall debt, lowering the cost of its debt service and generating more money to invest in innovation and acquisitions

What this means to you

There will be No Impact on either Avaya partners or customers.

For further details please click here or call the Team on 0370 444 6540