Avaya has filed for Bankruptcy
Avaya has filed voluntary petitions under chapter 11 of the U.S. Bankruptcy Code in the United States.
Date: 20 January 2017
After months of speculation, Avaya has filed for bankruptcy with the future of its network, contact center and UC operations uncertain.
- Avaya has struggled to keep up with unified communications developments, unlike Mitel.
- This has clearly contributed to the need for filing the bankruptcy papers.
The strategic benefits of Mitel vs Avaya
Mitel
Avaya
Focused 100% on seamless communications & collaboration for small, medium and large organisations. No distractions.
#1 cloud communications provider in the world and the fastest growing.
Positively rated in all 5 Gartner magic quadrants related to business communications.
#1 provider of enterprise communications in Western Europe.
Leading the consolidation of the unified communications sector via a proactive acquisition strategy designed to drive both growth and customer value.
A growth company - revenue nearly doubled in the last 3 years.
A Mobile First strategy that extends to the desktop via the seamless integration of mobile devices with a premium business phone experience.
Currently reviewing potential restructuring options with external advisors in order to manage a highly leveraged business that has approximately $6 billion debt due before 2021, of which approximately $600 million is due in October 2017. *
* Note
Based on reporting in the public domain via reporting sources such as the Wall Street Journal and Reuters as at point of publishing.