ELCOTEQ INAUGURATES NEW FACILITY IN BANGALORE, INDIA
31.03.2005

Elcoteq Network Corporation, the leading electronics manufacturing services provider in communications technology, will inaugurate a new manufacturing facility in India’s software capital, Bangalore, on April 11, 2005. When fully operational, the plant is estimated to employ approximately 1,000 people. The start of business operations in India reinforces the importance of the Asia-Pacific area to Elcoteq and its commitment to development of the electronics manufacturing industry on the global basis. 

The facility will be inaugurated by India’s Union Minister of Communications & Information Technology, Mr Shri Dayanidhi Maran. Elcoteq’s top management including the Chairman of the Board, Mr Antti Piippo and the President and CEO of Elcoteq, Mr Jouni Hartikainen will also be present.

The inauguration is a landmark not just for Bangalore and the state of Karnataka but also for entire India as Elcoteq is the first high-volume electronics manufacturing services company in India for global communications technology sector. The products to be manufactured include terminal products like mobile phones and communications network equipment.

With a population of over one billion people, mobile phone penetration of a mere 3%, and a telecommunications services market growing at over 100% annually, India represents one of the most exciting regions for handset OEMs (original equipment manufacturers) and EMS (electronics manufacturing services) providers. Given the huge opportunity, cost advantages, availability of highly skilled manpower, infrastructure and software development facilities, proximity of key suppliers and the government’s agenda for telecommunications and electronics manufacturing, Bangalore is an extremely attractive location.

Media representatives are cordially invited to join the inauguration ceremony.

Date: Monday, April 11, 2005
Time: 11 a.m. Indian time (GMT +5.5)
Venue: Elcoteq Electronics (India) Pvt Ltd, Block No. VIII,
Velankani Information Systems Campus
43, Electronics City, Phase II
Hosur Road, Bangalore 560 100
India

A press release and photos will be available on Elcoteq’s website (www.elcoteq.com) in the evening of April 11, 2005.

For more information, or to register your participation, please contact:

Ms Reeta Kaukiainen
Director, Communications and Investor Relations
Tel. +358 10 413 1742, mobile +358 50 522 0924
reeta.kaukiainen@elcoteq.com
or
Ms Milla Eronen
Manager, Communications
Tel. +358 10 413 1288, mobile +358 40 582 5015
milla.eronen@elcoteq.com

ELCOTEQ NETWORK CORPORATION

Reeta Kaukiainen
Director, Communications and Investor Relations

Elcoteq Network Corporation

Elcoteq Network Corporation is a leading electronics manufacturing services (EMS) company with original design manufacturing (ODM) capabilities in the communications technology field. Elcoteq provides globally end-to-end solutions consisting of design, NPI, manufacturing, supply chain management and after-sales services for the whole lifecycle of its customers' products. The company operates on four continents in 15 countries and employs approximately 19,000 people. Elcoteq's consolidated net sales for 2004 totaled MEUR 2,953.7. Elcoteq Network Corporation is listed on the Helsinki Exchanges. More information on the company is available at www.elcoteq.com.

All editors and reporters publishing our material are kindly asked to inform us by filling out the form below.

I will use the material above in a publication. The fields with bold text are required.