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© mopic _dreamstime.com 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.
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November 19 2019 5:01 pm V14.7.13-2