Competition Authorities Approve Elcoteq Acquisition of Tellabs International Plant

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Helsinki, Finland — Finnish and German competition authorities have given their approval to the arrangement announced on November 14, 2003, whereby Tellabs will outsource manufacturing of its international products and transfer ownership of its Espoo, Finland manufacturing operations to Elcoteq Network Corp.

The transaction is expected to be closed on January 1, 2004, according to plan.

For more information on Elcoteq Network Corp., visit



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