Ma Bell Great-Grandchild Avaya Files For Bankruptcy
Burdened by debt since its private equity buyout a decade ago, Avaya has filed for Chapter 11 bankruptcy. The telecommunications software and hardware company posted a loss of $750 million for its most recent fiscal year. It is burdened by $6.3 billion in debt and $400 million in annual interest expense. “Avaya’s current capital structure is over 10… Read More »