To access a simultaneous Webcast of the teleconference, go to the Tellabs Web site at www.tellabs.com and click on the Webcast icon. From this site, you can download necessary software and listen to the teleconference. Tellabs encourages you to review the site before the teleconference to ensure that your computer is configured properly.

A taped replay of the call will be available beginning at approximately 9:30 a.m. Central time, July 17. This toll-free replay will be available for 48 hours.

To listen to the teleconference replay, Call 800-633-8284. (Outside the United States, call 402-977-9140.) When prompted, enter the Tellabs reservation number: 20731150.

Tellabs provides innovative bandwidth management solutions to help carriers around the world move communications most efficiently and effectively. The world communicates through Tellabs - most telephone calls and Internet sessions in several countries, including the United States, flow through the company's equipment. Tellabs employee-owners develop and deploy solutions that provide aggregation, grooming and business services in metro/regional networks in more than 100 countries. (Nasdaq: TLAB) ( www.tellabs.com ).

Tellabs and Tellabs logo are registered trademarks of Tellabs or one of its affiliates in the United States and/or other countries.

                    MAKE YOUR OPINION COUNT -  Click Here
               http://tbutton.prnewswire.com/prn/11690X89252925

CONTACT:          Investors, John Springer, +1-630-798-3603,
                  john.springer@tellabs.com , or Media, Jennifer Stiglic, +1-630-798-2505,
                  jennifer.stiglic@tellabs.com, both of Tellabs

URL:              http://www.prnewswire.com
                  http://www.tellabs.com

Copyright (C) 2002 PR Newswire.  All rights reserved.