24.04.2014 – 00:22

Telekom Austria AG

EANS-Adhoc: Telekom Austria AG
América Móvil informs about shareholders' agreement and public takeover offer

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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  announcement.
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24.04.2014


Vienna, 23 April 2014: Today the Telekom Austria Group (VSE: TKA, OTC US: TKAGY)
announces that it has been informed of the following facts:

Mexico City, Mexico, April 23, 2014. América Móvil, S.A.B. de C.V. ("AMX") (BMV:
AMX; NYSE: AMX; NASDAQ: AMOV; LATIBEX: XAMXL), announced today that it has
entered, through its wholly owned subsidiary Carso Telecom B.V. ("Carso
Telecom"), into a shareholders' agreement (the "Shareholders' Agreement") with
Österreichische Industrieholding AG ("ÖIAG"), with respect to their
participations in Telekom Austria AG ("Telekom Austria"). 

As part of the transaction, ÖIAG and AMX have agreed, subject to the closing of
the Public Offer (as defined below) and the approval by Telekom Austria's
shareholders meeting, to vote in favor and support a capital increase in Telekom
Austria of EUR 1,000 million. The capital increase will strengthen Telekom
Austria's capital structure and financial position and will allow Telekom
Austria to continue to invest in state-of-the-artinfrastructure, research and
development, innovation of products and services, amongst others, and to
position Telekom Austria to benefit from investment opportunities arising in the
countries in which it currently operates and in emerging markets in Central and
Eastern Europe.

This Shareholders' Agreement and the Public Offer (as defined below) are subject
to certain regulatory approvals. Once such conditions are satisfied, the
Shareholders' Agreement will become effective and AMX will obtain operational
responsibilities in Telekom Austria. Telekom Austria currently operates in
Austria, Belarus, Bulgaria, Croatia, Serbia, Macedonia, Liechtenstein and
Slovenia. As of December 31, 2013, it had approximately 2.6 million fixed line
subscribers, 20.1 million wireless subscribers and revenues of EUR4,184 million.

AMX CEO Daniel Hajj said: "We are very happy to partner with ÖIAG, a key
shareholder of Telekom Austria that has developed an extraordinary company with
extraordinary people. The negotiations with ÖIAG, although intense, were
constructive and professional. The main goal for both parties was the further
development and future of Telekom Austria. This agreement provides the basis for
future growth, continued innovation, and solid investment in Telekom Austria. It
will strengthen the capital structure of Telekom Austria; maintain a state of
the art infrastructure in a very dynamic and competitive sector, and support job
development and creation. In this way, Telekom Austria will continue to
contribute with services that are strategic for the economic and social
development of the country. It will also contribute to better position Telekom
Austria as a more relevant player in the European telecommunication markets and
to be in a position to benefit from growth opportunities in the region."

As a result of the Shareholders' Agreement, AMX, through Carso Telecom, will
launch a public takeover offer pursuant to the Austrian Takeover Act, for all
outstanding Telekom Austria shares not held by AMX, Carso Telecom, ÖIAG or
Telekom Austria (the "Public Offer"). The offer price of the Public Offer will
be EUR7.15 (seven euros and fifteen cents), per Telekom Austria share. The
publication of the offer document will take place in the coming weeks and in
accordance with the Austrian legal framework.


For further information please see the following link: 
www.telekomaustria.com/en/ir/ir-news

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Disclaimer for forward-looking statements: 
This document contains forward-looking statements. These forward-looking
statements are usually accompanied by words such as "believe", "intend",
"anticipate", "plan", "expect" and similar expressions. Actual events may differ
materially from those anticipated in these forward-looking statements as a
result of a number of factors. Forward-looking statements involve inherent risks
and uncertainties. A number of important factors could cause actual results or
outcomes to differ materially from those expressed in any forward-looking
statement. Neither Telekom Austria nor any other person accepts any liability
for any such forward-looking statements. Telekom Austria will not update these
forward-looking statements, whether due to changed factual circumstances,
changes in assumptions or expectations. This report does not constitute a
recommendation or invitation to purchase or sell securities of Telekom Austria.

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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