Page 23 - SAMENA Trends - September 2023

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Learning Center on tribal lands in the co-operative alliances that benefit the lands do not have access to broadband
U.S., the sixth that AT&T has opened in Nation and local community. The Nation infrastructure that provides minimally
California and is the 27th AT&T Connected sees its community being healthy spiritually, adequate speeds.1 AT&T is opening
Learning Center® nationwide. In all, we physically, emotionally and mentally, and is Connected Learning Centers across the
plan to launch more than 50 total centers committed to the preservation of its history, nation with local nonprofit organizations
across the country by mid-2024. The goal culture and traditions. The Nation provides that are already adept at supporting
of the centers is to help connect more for the health, safety and general welfare of underserved populations within their
students and families through free access its citizens, while promoting economic self- community, including some of our nation’s
to the internet and computers, as well as sufficiency and personal independence. most vulnerable students and families.
educational resources that teach the skills Why is this important? Once they leave their Across the Golden State, AT&T is investing
needed to use it safely and responsibly. school site, students on the Tribal Nations in in our networks, providing affordable high-
The Pinoleville Pomo Nation secures tribal the Ukiah region have limited access to the speed internet and connecting Californians
government, affirms and protects tribal internet, computers or resources needed to greater possibility. In California, we
sovereignty and maintains government-to- to benefit from the online world, part of the invested nearly $8.6 billion in our wireless
government relationships. The Nation is issue known as the digital divide. In fact, and wireline network infrastructure from
dedicated to developing and maintaining over 30 percent of the population on tribal 2020-2022.

Avaya Reports Positive Business Momentum
Post Emergence

Draft
Avaya, a global leader in customer Avaya is investing in and delivering
experience solutions, today reported strong next-gen technology with an ‘innovation
market momentum for the months since without disruption’ approach embraced by
the company’s successful completion of its customers and attracting the best talent as
financial transformation in May 2023. Avaya a destination place to work. Today’s leading
has driven strong innovation for products companies and organizations see the
actively in demand by customers, delivered opportunity to differentiate and lead their
financial progress, added key executives, respective industries through differentiated
and garnered third-party recognition of its customer experiences by tapping into AI-
business and leadership. Avaya’s market powered cloud solutions from Avaya, and quarter of FY23 with the Securities and
momentum is built on a foundation of its this is fueling customer momentum that Exchange Commission. As a result of
global breadth, scale, brand, and ecosystem, we expect will only grow stronger in the emergence from its financial restructuring,
with more than six million contact center months and years ahead.” and as noted in the footnotes of today’s
agents utilizing Avaya solutions; greater Financial Performance Indicators filing, Avaya alleviated the substantial
than 90 million unified communications Demonstrate Positive Momentum doubt that had previously existed regarding
seats; an extended ecosystem of 4,000+ Upon completing its financial restructuring the company’s ability to continue as a going
partners and 120,000 developers; and an in May, the company emerged in a position concern. “We are extremely pleased to
unparalleled customer base that includes of financial strength, having eliminated the have fulfilled our remaining SEC reporting
90 percent of the largest US companies, vast majority of its debt and significantly obligations, with no material impact to
including more than 90 governments, as recapitalizing with fresh investment. Key previously disclosed financial results for
well as each of the top 10 global airlines, financial metrics as of September 1, 2023, fiscal 2022 or prior periods,” stated Amy
auto manufacturers, and banks. Avaya include: O’Keefe, Chief Financial Officer, Avaya.
added 599 new logos in the three-month • Cash and cash equivalents of greater “The recent recapitalization has positioned
period from April through June, along with than $600 million. Avaya well with the financial flexibility to
39 deals over $1 million total contract value, • Debt of approximately $830 million, execute on our strategic growth plans.”
and four deals over $5 million. “Avaya is which is 75 percent lower than pre AI-Powered Innovation, Customer
executing every day to take full advantage recapitalization, and with no maturities Experience, and Cloud are Driving
of the hard work done over the last year due until 2028. Customer Demand
to transform our operations, business • An adjusted pro forma net leverage ratio Enabling cloud-based innovation deployed
strategy, culture, and balance sheet, which of less than 1x.* on top of existing communications
is now a genuine competitive advantage,” In another major step forward, today, Avaya investments is powering interest in
said Alan Masarek, CEO, Avaya. “We set filed the company's Annual Report on Form Avaya among global customers, as many
the foundation for growth and have already 10-K for fiscal 2022 and quarterly reports companies are migrating solutions to
seen our focus pay off. The revitalized for the third quarter of FY22 and the first cloud but want to do so without disrupting

23 SEPTEMBER 2023