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BASKING RIDGE, N.J. (AP) - Telecommunications gear maker Avaya is negotiating with private equity and strategic bidders about selling all or part of the company, according to a media report.
The Wall Street Journal, citing people familiar with the matter, said would-be buyers include private equity firms attracted to the $6 billion company's cash flow and low debt. There's also interest from network makers Cisco Systems and Nortel Networks.
When contacted by The Associated Press on Monday, Avaya representatives declined to comment on the report, saying it's company policy not to comment on "speculation and rumors."
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