je.st
news
Home
› Avaya posts quarterly loss of USD 633 mln on impairment, sees takeover talks concluded in month
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.
Tags: month
posts
loss
usd
Category:Telecommunications