We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Nortel cited in Avaya acquisition rumour

WSJ says Avaya is target for buyout

Avaya may become the next major technology firm purchased by private equity, according to a report today.

The Basking Ridge, New Jersey telecommunications gear maker's relatively high cash flow and low debt have made it a target of private equity firm Silver Lake and rival networking company Nortel Networks, the Wall Street Journal said, citing anonymous sources.

The company, which has a market capitalisation of $6.18bn, may be open to a partial or complete buyout, the report said. Along with a healthy balance sheet, the company also has a wealth of patents, some leftover from its days as the telecom equipment arm of AT&T.


IDG UK Sites

Samsung Galaxy Note 4 review: Great if you like big, expensive phones

IDG UK Sites

Why Sony's PS4 2.0 update is every gamer's dream (well, mine at least)

IDG UK Sites

This Grolsch ad combines stop-motion & CG for majestic results

IDG UK Sites

Apple rumours and predictions for 2015: What to expect from Apple in 2015