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Enterprise communications, software and services provider Avaya expects to launch an initial public offering (IPO) as early as this week, US press reported, citing inside sources.
The IPO will reportedly be for about 20% of Avaya, and could value it at US$5bn or more.
Avaya, spun off from Lucent Technologies in 2000, was delisted in 2007 after being bought by private equity firms Silver Lake and TPG Capital for US$8.3bn.
The company's global revenues were up 22% in its fiscal 2010, ended September 30, to US$4.15bn. But Avaya widened global fiscal year net losses to US$874mn, as costs and operating expenses increased. The CALA region revenues increased 5% to US$254mn in fiscal 2010.