© 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.