What's next for Avaya?

Josh Budd
clock • 4 min read

Vendor VP talks through plans to emerge from Chapter 11 this autumn

Avaya is aiming to complete its Chapter 11 restructure this autumn, according to vice president of finance at the firm Bill Sherry. The comms vendor announced yesterday that a group of Avaya shareholders - who are owed more than 50 per cent of Avaya's first lien debt, have signed an agreement to support its amended restructure plan, wiping more than $3bn from Avaya's debts. Former CEO Kevin Kennedy - who has now stepped down from his post following the announcement - described the news ...

To continue reading this article...

Join Channel Partner Insight

  • Exclusive news, insight and analysis for the IT channel across the US and Europe
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with an exclusive members-only podcast
  • Breaking news stories delivered straight to your inbox daily

Join now


Already a member?

Log in

More on Vendor

Fujitsu plant

Fujitsu pulls plug on European PC business

Manufacturer to move towards datacentres, hybrid cloud and platform services

Martin Fryba
clock 04 August 2023 • 1 min read
SolarWinds execs hit with SEC Wells notice related to 'Sunburst' cyberattack

SolarWinds execs hit with SEC Wells notice related to 'Sunburst' cyberattack

Current and former executives including its CFO and CISO received Wells notices that they may be subject to civil enforcement action in relation to the late 2020 SolarWinds Orion cyberattack

clock 27 June 2023 • 3 min read