Elcoteq - Company Announcement

Elcoteq to Provide Nokia After Market Services

Elcoteq SE

Stock Exchange Release
January 27, 2010 at 8:35 am (EET)

Elcoteq SE and Nokia Corporation have signed an agreement that qualifies Elcoteq
as a partner to provide Nokia's customers with After Market Services for their
Nokia devices. It is expected that Elcoteq will start these operations gradually
during the second quarter of 2010. The companies also intend to explore other
opportunities for cooperation."We are excited to establish our cooperation with Nokia as a supplier of After
Market Services - this will strengthen our position in global Life Cycle
Services considerably", says Mr. Jouni Hartikainen, President and CEO of
Elcoteq."We are looking forward to Elcoteq becoming one of our global partners in
providing high quality after market support", says Mr. Juha Putkiranta, Senior
Vice President, Nokia.

Elcoteq has a global network of After Market Service sites which have a long
experience in serving Consumer Electronics and Systems Solutions customers.

ELCOTEQ SE

Satu Jaatinen
Communications Manager

Further information:
Jouni Hartikainen, President and CEO, tel. +358 10 41 311

About Elcoteq

Elcoteq SE is the global Life Cycle Service Partner for high-tech product and
service companies.

Engineering, Manufacturing, Fulfillment and After Market Services are the corner
stones of Elcoteq's extensive service offering. Elcoteq has a proven track
record in electronics manufacturing services (EMS) and a global factory network
coupled with modern manufacturing equipment and consistent systems and
processes.

Products include Consumer Electronics devices such as mobile phones and their
accessories, set-top boxes, flat panel TVs as well as System Solutions products
such as infrastructure systems, modules and other industrial segment products.

The Group's consolidated net sales for 2008 totaled 3.4 billion euros and it
employs approximately 11,000 persons. Elcoteq SE is listed on the Nasdaq OMX
Helsinki Ltd.  For more information visit the Elcoteq website at
www.elcoteq.com.



[HUG#1377485]