Avaya takes step towards emerging from Chapter 11

Avaya has filed a statement of intent to emerge from Chapter 11 as a publicly listed company.

"Today's filing marks another important step toward Avaya's successful emergence from chapter 11," said Jim Chirico, President and Chief Executive Officer.

"Our registration statement lays the groundwork for us to begin building our next chapter as a publicly traded company. Once it is effective, Avaya will become a reporting company, which will provide transparency to our various stakeholders with a goal of communicating the strength of our business, the growth opportunities we see ahead and the long-term value we seek to create for our new stockholders."

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