Sign in / up

back to article Troubled Avaya takes Extreme option, flogs network biz for $100m

Bankruptcy-beset Avaya is cashing out of its networking business for just $100m, with Extreme Networks the buyer. Burdened by private equity debts bought at 2007-era interest rates, Avaya received Chapter 11 bankruptcy protection in January this year. Trying to cut a debt load of more than $6bn, Avaya briefly tried to offload …

COMMENTS

Post your comment
House rules Send corrections
Add to 'My topics' unstar *
  1. Hans 1

    Just $5.9bn to go, then ... or will their ebay auction work out right ?

    I have a bag of ready salted crisps, here, would be happy to give that up for the network biz ...

    1 0 Reply

POST COMMENT House rules

Not a member of The Register? Create a new account here.

Forgotten password ?

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Other stories you might like