UC giants to become one?
Yesterday, Bloomberg reported ‘Avaya to Get Bid From Rival Telecom Gear Vendor Mitel.’ Today, a deal seems like more of a reality – given the duo’s history of competition in the Unified Communications and Collaboration space.
According to the report by Bloomberg, “Avaya Holdings Corp., is considering a bid from rival Mitel Networks that could create a telecommunications equipment vendor worth more than $5 billion including debt,” citing a source with knowledge on the possible acquisition.
Further indications the deal might be a wise decision reflect in Avaya’s stock, which rose nine percent following the news from Bloomberg. The duo’s combined business value is more than $20 per share, also reported Bloomberg. As we reported in April, both telecoms giants remain silent, amid intensifying speculation.