CHINA
Electronics manufacturing services company Flextronics said it will score more than $550 million in upfront cash payments from the sale of its network and semiconductor businesses. AMIS Holdings Inc. will buy the company’s semiconductor business, and as previously announced, Telavie AS will buy its network services business. Altor 2003 Fund, a Nordic private equity firm, owns Telavie. Flextronics said the sales would help it to concentrate on its core EMS business.
IRELAND
Motorola Ventures announced an undisclosed strategic investment in Anam Mobile, a messaging infrastructure provider for short message service and multimedia messaging service delivery platforms. The investment arm of the world’s No. 2 handset provider cited Anam’s patented Smart Services Framework, which is designed to allow operators to launch new SMS and MMS services to subscribers. The 6-year-old company is headquartered in Dublin, Ireland, and has offices worldwide. “The messaging market is the most mature consumer-oriented mobile data services market, but has been the subject of little genuine service innovation,” stated John O’Donahue, managing director of Motorola Ventures EMEA. “We believe that Anam has the potential to become a leading innovator in the mobile data services sector.”
FINLAND
Finnish operator Elisa and Nokia signed a frame agreement calling for Nokia to expand Elisa’s second- and third-generation mobile networks in Finland and Estonia.The agreement extends a frame agreement signed between the companies in 2001.
Nokia will supply radio network solutions including its High Speed Downlink Packet Access solution as well as expanded circuit core and packet core networks.The two companies also agreed to test Internet Protocol Multimedia Subsystem technology.
