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Annual Result/Quarterly Report

Vienna -

* Group total revenues decrease of 1.2% driven by equipment revenues while
  service revenues remained flat despite heavy roaming losses (~2% on Group
  revenues) and negative FX effects.

  o Mobile service revenues declined only slightly by 0.7% on a Group level as
    growth in Austria, Bulgaria and Serbia almost compensated for the decline in
    Belarus and Slovenia.
  o Fixed-line service revenues rose by 0.5% as growth in Bulgaria and Slovenia
    outweighed declines in other CEE markets, while they remained flat in
    Austria.
  o Equipment revenues declined by 8.1%, due to a considerably lower number of
    sold devices following the year-end lockdown measures.

* Mobile contract subscriber numbers rose by 5.1%, with growth in almost all
  markets.
* Fixed-line RGUs decreased by 1.6%, as the group-wide growth in high-bandwidth
  broadband RGUs could not compensate for the decline in low-bandwidth broadband
  and fixed-line voice RGUs.
* Group EBITDA before restructuring increased by 2.8% on the back of operational
  efficiencies

  o Excluding FX and one-off effects as well as restructuring charges EBITDA
    rose by 5.0%.
  o In Austria, successful cost saving measures together with higher service
    revenues translated into EBITDA before restructuring growth of 4.2%.
  o In the CEE markets, EBITDA excluding FX and one-off effects grew by 3.7%
    (reported: -1.2%) due to growth in Bulgaria, Serbia and North Macedonia.

* Total CAPEX in the full year 2020 declined by 26.0% on Group-level. CAPEX in
  Austria was 13.4% lower. The CAPEX reduction was a decision taken early in
  2020 to ensure flexibility in unstable times due to COVID-19.
* In FY 2020, free cash flow increased by EUR 159.9 mn due to announced CAPEX
  cuts (EUR 131.3 mn less CAPEX paid) and better operational performance.
* A1 Telekom Austria Group is currently working on developing alternatives to
  reap more benefits from its tower assets through a targeted management focus
  on internal efficiencies and higher tenancy ratios.
* Outlook 2021: approximately 1% Group total revenue growth, approx. EUR 800 mn
  CAPEX excluding spectrum investments and acquisitions.




Further inquiry note:
Susanne Aglas-Reindl
Head of Investor Relations
A1 Telekom Austria Group
+43 50 664 39420 
Susanne.aglas-reindl@a1.group


end of announcement                         euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/documents/287/5/10661244/1/TKA_Q4_2020_Earnings_Release.pdf

issuer:       Telekom Austria AG
              Lassallestrasse 9
              A-1020 Wien
phone:        004350664 47500
FAX:
mail:          investor.relations@a1.group
WWW:       www.a1.group
ISIN:         AT0000720008
indexes:      ATX, WBI
stockmarkets: Wien
language:     English