Elcoteq Network Corporation will expand its operations to Bangalore, India

June 2, 2004

1 Min Read

IRVING, Texas -– Elcoteq Network Corporation, global provider of electronics manufacturing services (EMS) for the Communications Technology Industry and the largest European electronics EMS provider, will expand its operations to Bangalore, India during 2004. In doing so, Elcoteq will become the first EMS company offering manufacturing services to infrastructure and handset OEMs in India.

Elcoteq will establish operations in Bangalore, the new technology and IT center in India. Initially, the company will operate in rented manufacturing space. The plant is expected to be operational within six to nine months. 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 telecom manufacturing industry in the region.

“We are very proud to be the first global EMS company in the communications technology sector offering electronics manufacturing services in the country. India is one of the fastest growing markets for mobile telecommunications, and we see great opportunities for manufacturing services in the area. We believe that our track record and competence in communications technology give us clear competitive advantages over our competitors,” said Mr Hannu Keinänen, President of Elcoteq Asia-Pacific.

Elcoteq Network Corp.

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