© mopic Electronics Production | April 23, 2015

Flextronics interested in Alcatel-Lucent's China business

EMS-provider Flextronics is reportedly interested in acquiring the Chinese business of Alcatel-Lucent.
The French telecoms company is – as most of you know – currently being taken over by Finnish Nokia. However, Flextronics is in advanced talks to buy the manufacturing unit of Alcatel-Lucent Shanghai Bell, which is the company's largest JV, according to a report in Reuters citing two sources who wished to remain anonymous.

The Alcatel unit employs some 1'000 staff and is part of a JV which – along with its subsidiaries – generated revenues of EUR 3.1 billion in 2014.

The sources dud not provide any information regarding the price-tag of the deal for the manufacturing unit, which makes wireless devices, the report concludes.


Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Load more news
August 13 2017 4:10 PM V8.5.9-1