Telekom Austria AG

euro adhoc: Telekom Austria AG
Mergers - Acquisitions - Takeovers / Telekom Austria Pays Call Option for the Purchase of MobilTel

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22.03.2005

Vienna, March 22, 2005: Telekom Austria (VSE: TKA, NYSE: TKA) announced today, that it has paid EUR 80 million as option price under the call option agreement concluded in December 2004 to purchase MobilTel AD, the leading Bulgarian wireless operator. The payment occurs in accordance with the timetable announced at the time of the signing of the call option agreement and following the timely delivery of the audited financial statement for MobilTel AD for the financial year 2004. "The payment of the call option price is another important step towards the acquisition of MobilTel AD" said Heinz Sundt, CEO of Telekom Austria. The call option gives Telekom Austria Group the unilateral and irrevocable right to purchase 100% of the share capital of MobilTel AD for a total enterprise value of around EUR 1,600 million in 2005. "The payment of the call option price confirms Telekom Austria Group’s positive view of MobilTel, the leading mobile operator in Bulgaria, and supports our strategy of expansion in South-Eastern Europe" said Boris Nemsic, CEO mobilkom austria and COO Wireless Telekom Austria.

end of announcement                                euro adhoc 22.03.2005 08:00:00
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Further inquiry note: Hans Fruhmann Telekom Austria AG Investor Relations Tel.: +43 (0) 590591-20918 mailto: hans.fruhmann@telekom.at

Branche: Telecommunications Equipment
ISIN:      AT0000720008
WKN:        720008
Index:    WBI, ATX Prime, ATX
Börsen:  Wiener Börse AG / official dealing
              New York / official dealing



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