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18.01.2001 – 08:21

Telekom Austria AG

ots Ad hoc-Service: Telekom Austria AG Telekom Austria's Trading Up-Date

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    Vienna, Austria (ots Ad hoc-Service) -

    Telekom Austria AG (VSE:TKA; NYSE:TKA) will today confirm at an Austria investor conference sponsored by CA IB that management is confident in meeting analysts' expectations for revenues and profits for the year 2001. The confidence is reinforced by the recent positive mobile and Internet subscriber growth, new lower winter tariffs, achievement of personnel reduction target for 2000 as well as the company's 37 projects targeted to increase revenues, cut costs and reduce capital expenditure.

    Preliminary indications of the results for the transition year 2000 show that revenues are in line with analysts' estimates, but that EBITDA is expected to be 10% - 15% below expectations, mainly due to higher personnel costs resulting from the concentration of personnel reductions in the fourth quarter, interconnection costs, personnel-related operational costs and bad debt expenses. Year-end 2000 market shares were 64% in fixed line and 45% in mobile.

    The steps we are taking in our restructuring will ensure that Telekom Austria maintains a strong platform for its advanced services and maximises its growth potential in the mobile, data and Internet markets, said Heinz Sundt, Chief Executive Officer. These aggressive initiatives will in the long term pay rewards to our employees, our customers and our shareholders.


    Martin Bredl Head of Public Relations +43-59059-1-11001

    Hans Fruhmann Head of Investor Relations +43-59059-1-20917

    Notes to editors

    Telekom Austria is Austria's leading provider of telecommunications services. It was listed on the Vienna and New York stock exchanges in November 2000 and has a current market capitalisation of EUR 3.5 billion. The group has four main business areas: Fixed line; mobile communications; data communications; and Internet. It has international operations in the Czech Republic and Croatia.

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