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: +43-(0)59-059-1-11001, E-Mail: ; Hans Fruhmann, Head of Investor Relations, Tel: +43-(0)59059-1-20917, E-Mail:

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