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Avaya posts quarterly loss of USD 633 mln on impairment, sees takeover talks concluded in month

2019-08-13 13:34:00| Telecompaper Headlines

(Telecompaper) Avaya reported a net loss of USD 633 million for its fiscal third quarter to June, hurt by an impairment charge of USD 657 million to write down goodwill at its Products & Solutions division due to reduced prospects. The company also withdrew its long-term outlook, saying this will be updated after it completes its evaluation of takeover offers, expected in the next 30 days. 

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