Ad hoc Release QU 1 2008

Vienna, May 14, 2008 - Telekom Austria AG (VSE: TKA, OTC US: TKAGY) today announced its results for the First Quarter 2008 ending March 31, 2008.

Both segments contribute to revenue growth of 9.9% to EUR 1,259.6 million
EBITDA grows by 4.7% to EUR 498.6 million driven by strong mobile operations and consolidation of MDC
Mobile communication subscriber base rises by 50.2% to 15.9 million customers
Fixed Net access line loss halved to 32,400, broadband net adds increase by 138.9%
Fixed Net broadband lines increase by 13.3% to 817,600
Outlook for full year 2008 reiterated
Proposal of at least stable dividend per share of 75 cents planned for 2008

in EUR million	1Q 08	1Q 07	% change
Revenues	1,259.6	1,145.8	9.9%
EBITDA	498.6	476.3	4.7%
Operating income	215.2	212.1	1.5%
Net income	129.7	147.2	-11.9%
Earnings per share (in EUR)	0.29	0.32	-8.4%
Capital expenditures	159.6	167.3	-4.6%

in EUR million	March 31, 2008	Dec. 31, 2008	% change
Net debt	4,237.8	4,407.2	-3.8%

Full quarterly report and further information

Further inquiry note:

Peter E. Zydek
Telekom Austria
Head of Investor Relations
Tel.: +43 (0) 590591-19000
E-mail: peter.zydek@telekom.at

Elisabeth Mattes
Telekom Austria Group’s Spokeswoman
Phone: +43 (0)1 33161 2730
E-Mail: elisabeth.mattes@telekom.at