<DOCUMENT>
<TYPE>EX-99.2
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<FILENAME>a2039530zex-99_2.txt
<DESCRIPTION>EXHIBIT 99.2
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                                                                  Exhibit 99.2


FOR IMMEDIATE RELEASE                                TUESDAY, FEBRUARY 20, 2001

                   CELESTICA ANNOUNCES FIVE YEAR US$4 BILLION
                      GLOBAL STRATEGIC ALLIANCE WITH AVAYA

                           STRATEGIC ALLIANCE INCLUDES
                     ACQUISITION OF MANUFACTURING OPERATIONS

TORONTO, Canada - Celestica Inc. (NYSE, TSE: CLS), a world leader in electronics
manufacturing services (EMS), today announced that it has entered into a global
strategic alliance with Avaya, as Avaya's primary EMS provider. Avaya is a
global leader in enterprise communications systems. As part of this arrangement,
Celestica has signed a definitive agreement to acquire Avaya's manufacturing,
repair and supply chain operations in Denver, Colo., and Little Rock, Ark., and
certain other operating assets.

The deal will include a five-year global supply agreement worth approximately
US$4 billion in total expected revenue. The aggregate purchase price is
approximately US$200 million. About 1,400 Avaya employees are expected to join
Celestica as part of this transaction. Further terms were not disclosed. The
deal is expected to close in a phased approach throughout Q2 and Q3, 2001, and
is subject to normal closing conditions, including regulatory approvals and
union ratification.

This transaction will position Celestica as Avaya's primary outsourcing partner
in the area of printed circuit board and system assembly and test, repair and
supply chain management for a broad range of its telecommunications products.
These products include enterprise communications servers, interactive voice
response systems, voice messaging consoles, wireless systems, IP telephony
products and call management systems.

The transaction aligns Celestica in a long term, strategic relationship with a
world market leader in enterprise communications systems and further enhances
and diversifies Celestica's strong communications and internet infrastructure
customer-base which includes over 35 companies in the areas of optical, data
networking, wireless and high-speed access.

"Celestica is delighted to expand its communications customer base with the
addition of Avaya," said Eugene Polistuk, chairman and CEO, Celestica. "Not only
does this relationship add a top tier communications customer to Celestica, but
it brings with it a highly-skilled employee base, experienced in manufacturing
high quality communications programs. This intellectual asset base will further
leverage Celestica's plans for future growth in data and voice communications."

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"Avaya's agreement with Celestica follows the contract manufacturing strategy we
described at the time of our spin-off from Lucent Technologies," said Don
Peterson, Avaya president and CEO. "It completes a key part of our restructuring
and begins a new phase in our strategy for reinvestment and growth. Avaya's move
to contract manufacturing with Celestica, an industry leader in electronics
manufacturing services, will ensure for our customers that the quality and
reliability of our traditional flagship products will continue to be maintained.
At the same time, it allows us to focus more on designing and developing the
next generation of new enterprise solutions and services such as converged voice
and data, customer relationship management and unified communications."




ABOUT AVAYA
-----------
Avaya, headquartered in Basking Ridge, N.J., USA, is a leading provider of
communications systems for enterprises, including businesses, government
agencies and other organizations. Avaya offers converged voice and data,
customer relationship management, messaging, voice multi-service networking and
structured cabling products and services. Avaya is a worldwide leader in sales
of messaging and structured cabling systems and a U.S. leader in sales of
enterprise voice communications and call center systems. Avaya intends to use
its leadership positions in enterprise communications systems and software, its
broad portfolio of products and services, and strategic alliances with other
technology and consulting services leaders to offer its customers comprehensive
eBusiness solutions.

For further information about Avaya, visit its website at http://www.avaya.com/

ABOUT CELESTICA
---------------
With over 30,000 employees worldwide, Celestica operates 35 manufacturing and
design facilities in the United States, Canada, Mexico, the United Kingdom,
Ireland, Italy, the Czech Republic, Thailand, Hong Kong, China, Malaysia and
Brazil. Celestica provides a broad range of services including design,
prototyping, assembly, testing, product assurance, supply chain management,
worldwide distribution and after-sales service. Its customers include industry
leading original equipment manufacturers (OEMs), primarily in the computer and
communications sectors.

For further information on Celestica, visit its website at
http://www.celestica.com. The company's security filings can also be accessed at
www.sedar.com.



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STATEMENTS CONTAINED IN THIS PRESS RELEASE WHICH ARE NOT HISTORICAL FACTS ARE
FORWARD-LOOKING STATEMENTS WHICH INVOLVE RISK AND UNCERTAINTIES WHICH COULD
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED IN THE
FORWARD-LOOKING STATEMENTS. AMONG THE KEY FACTORS THAT COULD CAUSE SUCH
DIFFERENCES ARE: THE LEVEL OF OVERALL GROWTH IN THE ELECTRONICS MANUFACTURING
SERVICES (EMS) INDUSTRY; VARIABILITY OF OPERATING RESULTS AMONG PERIODS;
DEPENDENCE ON THE COMPUTER AND COMMUNICATIONS INDUSTRIES; DEPENDENCE ON A
LIMITED NUMBER OF CUSTOMERS; AND THE ABILITY TO MANAGE EXPANSION, CONSOLIDATION
AND THE INTEGRATION OF ACQUIRED BUSINESSES. THESE AND OTHER FACTORS ARE
DISCUSSED IN THE COMPANY'S VARIOUS PUBLIC FILINGS AT www.sedar.com.

AS OF ITS DATE, THIS PRESS RELEASE CONTAINS ANY MATERIAL INFORMATION ASSOCIATED
WITH THIS EVENT.


                                      -30-


For further information please contact:
Laurie Flanagan
Celestica
Corporate Communications
(416) 448-2200
flanagan@celestica.com

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