Digital telecommunications company Avaya filed for chapter 11 bankruptcy protection in the United States overnight, but the Australian arm insists it is business as usual despite the turmoil.
Reuters reported Friday that Avaya filed for chapter 11, which is similar to voluntary administration in Australia, to restructure and reduce its massive $US6.3 billion debt, following a decade of losses.
Avaya has a substantial presence in Australia with offices in five capitals, but it has had troubles of its own, churning through four MDs in the past two years.
Having transformed over the past 24 months, Avaya Australia & New Zealand closed fiscal 2016 with its strongest quarter in 12 quarters, an Avaya Australia spoke…
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