Elcoteq - Company Announcement

ELCOTEQ'S NEW ACTION PLAN PROCEEDS - NEW CUSTOMER-CENTRIC ORGANIZATION AS OF JANUARY 1, 2008

Elcoteq SE        Stock Exchange Release  December 21, 2007 at 9.45 am (EET) 

As part of the new action plan announced in October 2007, Elcoteq is
streamlining and simplifying its organization as of January 1, 2008. With the
new organization, Elcoteq aims to improve its ability to respond to its
customers' developing needs in all business areas. In addition, the aim is to
clarify responsibilities, speed up decision-making and improve Elcoteq's cost
structure in an increasingly competitive situation. 

The new organization consists of Group functions and three business areas that
operate as profit centers, namely Personal Communications, Home Communications
and Communications Networks. Group functions will support the business areas by
ensuring that the operating model is globally consistent and that synergies
between the business areas are utilized as efficiently as possible. The
business areas will be responsible for their own customer accounts and
operations related to these as well as supply chain management, and will
continue to develop their businesses and service offering in their own business
area. 

Elcoteq Management Team

As of January 1, 2008, the Elcoteq Management Team (EMT) will comprise the
following persons: 
Mr. Jouni Hartikainen, President and CEO; Mr. Jukka Jäämaa, Chief Operating
Officer (COO) and Deputy CEO; Mr. Mikko Puolakka, Chief Financial Officer
(CFO); Mr. Anssi Korhonen, President, Personal Communications; Mr. Vesa
Keränen, President, Home Communications; Mr. Tommi Pettersson, President,
Communications Networks. 

All members of the Elcoteq Management Team will report to President and CEO
Jouni Hartikainen. The areas of responsibility of the Elcoteq Management Team's
members are as follows: 

•	Jukka Jäämaa: group level operations, sourcing, human resources as well as
quality and processes 
•	Mikko Puolakka: group level business control and accounting, treasury and
investor relations, corporate responsibility and corporate relations, risk
management and security 
•	Anssi Korhonen: Personal Communications business area
•	Vesa Keränen: Home Communications business area
•	Tommi Pettersson: Communications Networks business area

In addition the following functions report to President and CEO: legal affairs,
corporate development as well as marketing and communications. 

As of January 1, 2008, Elcoteq will not have a separate Management Conference.


ELCOTEQ SE

Jouni Hartikainen
President and CEO

Further information:
Jouni Hartikainen, President and CEO, tel. +41 41 728 0301
Jukka Jäämaa, COO, tel.  +49 173 345 5967
Tuula Hatakka, SVP, Treasury, Communications and IR, tel. +358 10 413 1808
About Elcoteq
Elcoteq SE is a leading electronics manufacturing services (EMS) company with
original design manufacturing (ODM) capabilities in the communications
technology field. Elcoteq provides global end-to-end solutions consisting of
product development, NPI, manufacturing, supply chain management, and
after-sales services for the whole lifecycle of its customers' products. These
products include terminal products such as mobile phones and set-top boxes as
well as communications network equipment such as base-stations, tower-top
amplifiers, and microwave systems. The company operates in 16 countries on four
continents and employs some 25,000 people. Elcoteq's consolidated net sales for
2006 totaled 4.3 billion euros. Elcoteq SE is listed on the Helsinki Stock
Exchange.  For more information visit the Elcoteq website at www.elcoteq.com.