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Telekom Austria Ends MobilTel Negotiations (Ad hoc Release)

Vienna, October 21, 2003 - Telekom Austria (VSE: TKY, NYSE: TKA) today announced that the negotiations between Telekom Austria and the Bulgarian mobile operator MobilTel for the acquisition of a majority stake have terminated, since the vendor decided to pursue an offer for the acquisition of a minority stake. A participation in MobilTel in the form of a minority stake has not been under consideration by Telekom Austria.




Contact:


Hans Fruhmann
Telekom Austria AG
Investor Relations,
Tel.: +43 (0) 590591-20918
E-mail: hans.fruhmann@telekom.at

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