Unified communications vendor, Avaya, expects to emerge from Chapter 11 bankruptcy in its home country by December after the United States Bankruptcy Court for the Southern District of New York approved its second amended reorganisation plan.
Avaya said on 28 November the decision is likely to see it emerge from its restructuring process before the end of the year. The vendor declared bankruptcy in January, in an effort to transition from a hardware to a software and services company.
Avaya president and CEO, Jim Chirico, said the courts approval of the plan was a culmination of months of hard work and extensive ne…
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