Avaya reveals new turnaround strategy: go bankrupt
Struggling unified comms vendor Avaya has announced a cunning new business strategy consisting of filing for bankruptcy, then rising once more like a phoenix from the flames.
Struggling unified comms vendor Avaya has announced a cunning new business strategy consisting of filing for bankruptcy, then rising once more like a phoenix from the flames.
It looks like enterprise networking firm Avaya has emerged as the winning bidder for Nortel’s own corporate communications unit, with an offer of close to $1bn.
Two bidders have tabled offers for the enterprise networking business of collapsing Canadian kit vendor Nortel, ahead of the auction scheduled for Friday.
Mike Zafirovski, the president and CEO of Nortel Networks has announced his resignation from the once mighty firm, effective immediately.
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