TORONTO-Nortel Networks said it has completed the scheduled transfer of certain optical design operations and related assets in Ottawa and Monkstown, Northern Ireland, to Flextronics.
The transfer was part of a larger transaction announced earlier this year. The remainder of the divestiture is scheduled to close in the first half of next year.
“This is a milestone for both companies as we take our growing relationship to a new level,” said Sue Spradley, president of global operations at Nortel Networks. “With Flextronics now focusing on product cost reduction and fast-tracking the development of new features related to our well-established optical products, Nortel Networks will be better positioned to concentrate on next-generation optical architectures, products and solutions-areas where we believe we can gain the most competitive advantage.”
