TRIESTE, ITALY – Alcatel-Lucent and Flextronics have signed a letter of intent for the proposed transfer of Alcatel-Lucent's optical transport manufacturing plant and related assets to Flextronics.

The Trieste plant specializes in the industrialization and manufacture of optical transport products, which it will continue to supply to Alcatel-Lucent, supporting its focus as a vendor of IP, optical transport, cloud and ultra-broadband access technologies.

"It is our firm intention to enable Flextronics to develop the site into a global center of excellence for optical transport, and one that will play an even bigger part in the manufacture of optics products that will meet our customers' needs as their networks evolve to all-IP technologies," said Roberto Loiola, CEO and managing director of Alcatel-Lucent Italia.

Financial terms were not disclosed, and the agreement is subject to statutory regulatory approvals and a final binding agreement.