mobilkom austria Submits an Offer for a Majority Stake in Telekom Montenegro

mobilkom austria Submits an Offer for a Majority Stake in Telekom
Montenegro 


VIENNA, December 22  /PRNewswire-FirstCall/ -- Telekom Austria (VSE:TKA;
NYSE:TKA) announced today that mobilkom austria has submitted an offer for the
purchase of a majority stake in Telekom Montenegro.

Telekom Montenegro is currently 51% owned by the Republic of Montenegro, the
remaining shares are held by local private shareholders and institutions. The
government of Montenegro has decided to dispose of its stake in the company. A
decision is expected early 2005.

  Information about Montenegro:

  Population:                      670,000
  GDP/capita:                      EUR 2,052
  Currency:                        EUR
  Mobile penetration YE 2003:      57%
  Fixed line penetration YE 2003:  29%

  Information about Telekom Montenegro:

  Wireless YE 2003:                163,000 customers; 43% market share
  Wireline YE 2003:                190,000 customers; 100% market share
  Revenues FY 2003:                EUR 92.4 million
  EBITDA FY 2003:                  EUR 33.9 million


DATASOURCE: Telekom Austria AG



CONTACT:  Contact: Martin Bredl, Head of Corporate Communications, Tel:

[phone], E-Mail: ; Hans

Fruhmann, Head of Investor Relations, Tel:

[phone], E-Mail: 

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