The Middle East, Turkey & Africa arm of Avaya remains untouched by recent turn of events as the company builds on its strong technology portfolio.
The communications and technology company has announced that it had commenced a formal proceeding to restructure its balance sheet to better position itself for the future.
To facilitate this restructuring, the company filed voluntary petitions under Chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court for the Southern District of New York. However, it seems the META end of the business remains unaffected by the recent restructuring.
In a statement to Channel Post, Mohammed Areff, Vice President, Middle East, Africa & Turkey, Avaya said, “Avaya’s Middle East and Africa operations are continuing business as usual – and we are focused on building on the success we achieved in 2016. Our partners and customers are committed to continue to work with us, and we have received many expressions of support in the past few days.”
As the FY2016 results announcement underlines, operational performance continues to remain strong, reflecting the strength of our technology portfolio, continued Mohammed Areff. 2016 was a year of innovation for Avaya, with 16 major solution launches, a company record. Avaya had many highlights across the region, reporting double-digit growth for our networking business and adding major new customers in the real estate and Oil & Gas sectors. We also saw significant interest in our Cloud business, with many customers looking at our Cloud service offering, he explained.
