Deutsche Telekom AG

ots Ad hoc-Service: Deutsche Telekom AG Deutsche Telekom acquires SBC47s stake in Matav

The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Bonn, Budapest(ots Ad hoc-Service) - Bonn, Budapest, July 3, 2000 Deutsche Telekom acquires SBC's stake in Matav Deutsche Telekom AG will acquire US-based SBC Communications's 50-percent stake in MagyarCom GmbH, the holding company that owns a 59.53 percent interest in Matav. As a result, Deutsche Telekom will acquire the majority stake in Matav. The transaction is valued at approximatly US$ 2.2 billion, based on Matav's share price as of the market's closing on June 30, 2000. This transaction results from SBC/Ameritech having exercised a put option included in the signed contractual agreement between the two shareholders of MagyarCom. Deutsche Telekom's stake increase in Matav underscores the company's international strategy concerning its shareholdings in Central and Eastern Europe. End ----------------------------------------------------- Internet: Original-Content von: Deutsche Telekom AG, übermittelt durch news aktuell

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