Networking giant Avaya files for Chapter 11 bankruptcy: 5 things to know

Avaya said in a statement that “these actions will not impact the company’s customers, channel and strategic partners, suppliers, vendors or employees.” The company stresses that it is not going out of business. "Our business will remain intact, and we are not selling or splitting off any of its parts," the company said. The company said it expects this financial restructuring to be completed within 60 to 90 days.

via ©Times Of India