Who you gonna call? Avaya grabs $500m investment from RingCentral to cut whopping debts

Tie-up greenlit by both boards

Beleaguered telecoms maker Avaya has formed a partnership with relative minnow RingCentral whereby it will become the exclusive supplier of the latter's unified-comms-as-a-service (UCaaS) and get a chunk of investment.…

via The Register - Data Centre: Networks
http://go.theregister.com/feed/www.theregister.co.uk/2019/10/04/avaya_grabs_500m_investment_from_ringcentral_to_pay_down_whopping_debts/