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Tellabs' Stockholders Elect Three Directors and Vote on Executive Compensation

Tellabs declares regular dividend of 2 cents per share

NAPERVILLE, Ill., May 4, 2011 /PRNewswire/ -- At Tellabs' annual stockholders meeting today, stockholders:

a) Re-elected current directors Frank Ianna , Stephanie Pace Marshall and William F. Souders . To view biographies of the Tellabs Board of Directors, please visit www.tellabs.com/about/bios/directors.shtml.

b) Approved an advisory resolution regarding executive compensation.

c) Recommended a one-year frequency on the advisory resolution regarding executive compensation.

d) Ratified the appointment of Ernst & Young LLP as Tellabs' independent auditors for 2011.

Tellabs also announced a quarterly dividend of 2 cents per share. The cash dividend is payable on May 27 to shareholders of record as of the close of business on May 13.

About Tellabs — Tellabs innovations enable the mobile Internet and help our customers succeed. That's why 43 of the top 50 global communications service providers choose our mobile, optical, business and services solutions. We help them get ahead by adding revenue, reducing expenses and optimizing networks.

Tellabs (Nasdaq: TLAB) is part of the NASDAQ Global Select Market, Ocean Tomo 300™ Patent Index, the S&P 500 and several corporate responsibility indexes including the Maplecroft Climate Innovation Index, FTSE4Good and eight FTSE KLD indexes. www.tellabs.com

Tellabs® and Tellabs logo® are trademarks of Tellabs or its affiliates in the United States and/or other countries. Any other company or product names mentioned herein may be trademarks of their respective companies.

SOURCE Tellabs