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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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Earnings
23.10.2014


Vienna, 23 October 2014: Today the Telekom Austria Group (VSE: TKA, OTC US:
TKAGY) announces its results for the first nine months of 2014, ending 30
September 2014.

Highlights


>       Group revenue decline improves to -4.5% supported by better trends in
Austria in Q3 as well as strong growth in Belarus and the Additional Markets
segment

>       Subsidy-driven equipment revenues support revenue trends in CEE

>       EUR 110.6 mn negative regulatory effects on Group revenues

>       Group EBITDA comparable margin improves to 34.6% driven by lower OPEX in
Austria and strong margin in Belarus

>       Austria:

>       Continuously improving ARPU trends in 2014 driven by high-value focus

>       75.7% and 23.4% cuts in SACs and SRCs respectively drive margin
improvement to 33.0%

>       CEE:

>       Continued strong performance in Belarus on the back of inflation-linked
price increases in 2013 and 2014 (FX development better than expected) and
higher data usage

>       Macro and regulatory factors (e.g. higher frequency usage fee in
Croatia) and fierce competition drive other CEE markets

>       Merger of mobilkom liechtenstein with Telecom Liechtenstein completed on
27 August 2014 results in a positive one-off effect on EBITDA comparable of EUR
26.8 mn


>       Group outlook for FY 2014 unchanged: Revenues of approx. -3.5%, CAPEX*
of EUR 650 - 700 mn, intended dividend of EUR 0.05/share



in EUR million     Q32014  Q32013  %change  1-9M2014   1-9M2013   %change
Revenues           1,048.7 1,036.0 1.2%     2,987.7    3,128.3    -4.5%
EBITDA comparable  414.6   357.9   15.8%    1,034.0    1,025.1    0.9%
Operating income   200.0   121.5   64.7%    -22.6      344.7      n.m.
Net income         127.8   51.3    149.2%   -190.0     159.2      n.m.

Cash flow generated from operations 300.6  295.5  1.7% 674.0 789.5 -14.6%
Earnings per share (in EUR)         0.27   0.10 183.9% -0.47 0.31  n.m.
Free cash flow per share (in EUR)   0.37   0.30   23.4% 0.47 0.69  -30.8%
Capital expenditures               143.6  167.6 -14.4% 472.5 493.0 -4.2%
                                                 
in EUR million                   30 Sept 2014    31 Dec 2013     %change
Net debt                         3,530.9         3,695.8         -4.5%
Net debt / EBITDA comparable (12 months)  2.7    2.9             -5.1%
                                                
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 amortisation,
restructuring and impairment charges.
* Does not include investment in spectrum and acquisitions


Kind regards,
Telekom Austria Group Investor Relations Team



Further information about the results can be found here: 
http://www.telekomaustria.com/en/ir/interim-results

The earnings release can be found here: 
http://cdn1.telekomaustria.com/final/en/media/pdf/results-qu3-2014.pdf


---

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.


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