Telekom Austria Group: Telekom Austria Pays Call Option for the Purchase of MobilTel (Ad-hoc)

Telekom Austria Group: Telekom Austria Pays Call Option for the
Purchase of MobilTel (Ad-hoc) 


VIENNA, Austria, March 22  /PRNewswire-FirstCall/ -- 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.

About Telekom Austria

Telekom Austria is Austria's leading provider of telecommunications services.
It was listed on the Vienna and New York stock exchanges in November 2000. The
Group has two main business areas: the wireline segment encompasses fixed line
telephony, data and Internet, and the wireless segment covers mobile
communications. Telekom Austria has international operations in the Czech
Republic, Croatia, Slovenia and Liechtenstein. http://www.telekom.at/

  For further information please contact:

  Martin Bredl
  Head of Public Relations
  Phone: [phone]
  E-Mail: 

  Hans Fruhmann
  Head of Investor Relations
  Phone: [phone]
  E-Mail: 

DATASOURCE: Telekom Austria AG



CONTACT:  For further information please contact: Martin Bredl, Head of

Public Relations, Phone: [phone], E-Mail:

; Hans Fruhmann, Head of Investor

Relations, Phone: [phone], E-Mail:

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