Is Avaya Inc up for grabs?
Published on Wed, May 30 at 12:45 , Updated at Thu, May 31 at 09:01
Source : Moneycontrol.com
| ads by google |
CNBC-TV18 has learnt that Avaya Global may have an open offer coming its way. Its parent company Avaya Inc is on the block and is in talk with various private equity players.
Analysts state that the buyer would gain a foothold in internet-based telephone systems. Avaya GlobalConnect provides communication systems, applications and services and is involved in the field of internet telephony. Avaya Inc currently holds 59.13% stake and it could lead to an open offer if the parent company is acquired. Avaya GlobalConnect was previously known as Tata Telecom. The Tata Group sold out its 25.1% shareholding to Avaya in 2004. Due to this, Avaya's holding increased from 25.5% to 50.6%. Avaya made a public offer to purchase 20% and acquired 8.53% from public. The name of the company was changed in October 2004 to Avaya GlobalConnect. CNBC-TV18 Disclaimer This information has not been provided to the stock exchanges, and is source-based. |
Messages on Business Talk
Other comments
Airtel and Vodafone to stock iPhone 3G
The iPhone 3G is all set to hit the Indian markets very soon. Airtel and Vodafone will officially stock the iPhone ...
in Business Talk - MMB Messenger at 21-Aug-08 07:21
RIL-RNRL case hearing delay may hit RIL
I dont think so. Sajeeet is the boss now. As you say dude. Ohh its kid\\\\`s day out. Mwhahahaaa....
in Business Talk - Guest at 21-Aug-08 03:40
Rate this article
News
No News on Avaya GlobalCon
Notices
30-07 Avaya Global Connect Ltd has inform...
30-07 Avaya Globalconnect Limited has inf...
Expert Advice
No Expert Advice on Avaya GlobalCon
Management Interviews
18-05 Avaya's growth margins improve to 4...
Brokerage Reports
06-08 Buy Avaya Global; target Rs 358: Em...
17-05 Buy Avaya Global Connect; target of...
Technical Calls
No Technical Calls on Avaya GlobalCon
Chat
Prakash Gaba
Technical Analyst ,
(22 Aug- 15:30hrs)
How to be an effective trader?
Poll
Newsletter
Keep in touch with News day & night. Subscribe to:
Mobile Services
Get news on the move SMS to 52622
- SMS M for Market News
- SMS B for Latest Business News
- SMS S (stock name) for latest news


Online
Reports suggest that 



