22.03.2005 – 08:33

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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  The issuer is responsible for the content of this announcement.

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 

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