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Flextronics Updates Nortel Deal

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SINGAPORE, Oct. 18 -- Flextronics announced today it has updated its agreement to buy certain optical, wireless and enterprise manufacturing operations and optical design operations from Nortel Networks in a transaction expected to generate approximately $2.5 billion for Flextronics, a Singapore electronics manufacturing services provider. (See "Nortel, Flextronics Discuss Divestiture." The transaction is still expected to be completed in May 2005, the company said. In the initial agreement, two Canadian manufacturing facilities were to be transferred from Nortel to Flextronics in November...Read full article

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    Published: October 2004
    electronics manufacturing services providerFlextronicsindustrialNews & FeaturesNorteloptical manufacturing

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