Flextronics in talks to buy part of Alcatel-Lucent's China business: sources

By Engen Tham and Adam Jourdan SHANGHAI (Reuters) - Singapore's Flextronics International Ltd is in advanced talks to buy part of the Chinese business of Alcatel-Lucent SA, the French telecoms firm currently being taken over by Nokia Oyj, two people told Reuters. The contract electronics manufacturer plans to buy the manufacturing unit of Alcatel-Lucent Shanghai Bell, the French firm's largest joint venture (JV), the people with knowledge of the deal said. Telecoms equipment makers like Alcatel-Lucent and Finland's Nokia have been grappling with a sector suffering slow growth prospects and pressure from low-cost Chinese rivals.



via Tech News Headlines - Yahoo News http://ift.tt/1aTRsnH