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6-month report

17.08.2011

Results for the First Half 2011

Highlights

> Mobile broadband and smartphones drive subscriber numbers in all operations

> Bundle products strategy proves increasingly successful with continued access
line growth and further trend towards ARPL stabilization

> Continuation of convergent strategy through A1 single brand relaunch in
Austria and B.net acquisition in Croatia

> Strong operational performance in Belarus overshadowed by 54% Ruble
devaluation

> Strong revenues and earnings trends in Additional Markets benefit from
subscriber growth

> Group revenues and EBITDA comparable decline due to regulatory effects,
challenging macroeconomic situation and fierce competition

> Guidance 2011 adjusted for devaluation of Belarus Ruble: Revenues
approximately EUR 4.50 bn, EBITDA comparable up to EUR 1.55 bn

> Dividend floor of EUR 0.76 reiterated for the years 2011 and 2012


in EUR million           Q2 2011 Q2 2010 % change 1-6 M 2011 1-6 M 2010 % change
Revenues                 1,109.3 1,168.7    -5.1%    2,227.3    2,294.7    -2.9%
EBITDA comparable          380.8   416.5    -8.6%      777.6      843.4    -7.8%
Operating income            85.0   134.2   -36.7%       42.7      300.5   -85.8%
Net income                  20.0    68.7   -70.9%      -59.2      159.9    n.a.
Earnings per share (in EUR)  0.05    0.16  -71.1%       -0.13       0.36   n.a.
FCF per share (in EUR)       0.35    0.45  -22.4%        0.42       0.85  -50.1%
Capital Expenditures       156.7   160.0    -2.1%      277.1      296.5    -6.5%

in EUR million                        June 30, 2011 Dec. 31, 2010 % change
Net Debt                                    3,553.8       3,305.2     7.5%
Net Debt/EBITDA comparable (12 months)
excluding restructuring program                2.2x          2.0x
                                       
All financial figures are based on IFRS; if not stated otherwise, all
comparisons are given year-on-year. EBITDA comparable is defined as

net income excluding financial result, income tax expense, depreciation and
amortization, restructuring and impairment charges.


Further inquiry note:
Matthias Stieber
Director Investor Relations
Tel.: +43 (0) 50 664 39126
mailto:matthias.stieber@telekomaustria.com

end of announcement                               euro adhoc 
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issuer:      Telekom Austria AG
             Lassallestrasse 9
             A-1020 Wien
mail:         investor.relations@telekomaustria.com
WWW:      www.telekomaustria.com/ir
sector:      Telecommunications
ISIN:        AT0000720008
indexes:     WBI, ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English