Deutsche Telekom AG — M&A Activity 2008

Mar 17, 2008

News Details

Ad-hoc | 17 March 2008 07:34

Deutsche Telekom AG: Deutsche Telekom enters into purchase agreement for a 20 percent stake in Greek telecommunications company OTE – Execution conditional upon further agreements

Deutsche Telekom AG / Miscellaneous

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement of Deutsche Telekom AG according to § 15 WpHG

Bonn, March 17, 2008

Deutsche Telekom enters into purchase agreement for a 20 percent stake in
Greek telecommunications company OTE – Execution conditional upon further
agreements

Deutsche Telekom announces that it has entered into a purchase agreement
with Marfin Investment Group (MIG) by which Deutsche Telekom will acquire
all shares held by MIG in the Greek telecommunications company Hellenic
Telecom (OTE), representing just under 20% of the ordinary share capital of
OTE for €26 per share or approx. €2.5bn in total. The execution of this
agreement is conditional upon Deutsche Telekom’s Supervisory Board approval
as well as Deutsche Telekom entering into a shareholder agreement with the
Greek government and attaining approval from the Inter-Ministerial
Committee (IMC) for Deutsche Telekom to increase its stake in
implementation of its strategic objectives. Deutsche Telekom expects to
initiate discussions with the Greek government with the aim to reach
agreement in the very near future.

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Information and Explaination of the Issuer to this News:

This release contains forward-looking statements that reflect the current
views of Deutsche Telekom management with respect to future events. They
are generally identified by the words 'expect,' 'anticipate,' 'believe,'
'intend,' 'estimate,' 'aim,' 'goal,' 'plan,' 'will,' 'seek,' 'outlook' or
similar expressions and include generally any information that relates to
expectations or targets. Forward-looking statements are based on current
plans, estimates and projections. You should consider them with caution.
Such statements are subject to risks and uncertainties, most of which are
difficult to predict and are generally beyond Deutsche Telekom’s control,
including those described in the sections 'Forward-Looking Statements' and
'Risk Factors' of the company’s Annual Report on Form 20-F filed with the
U.S. Securities and Exchange Commission. Among the relevant factors are the
impacts of significant strategic or business initiatives, including
acquisitions, dispositions and business combinations. In addition,
regulatory rulings, stronger than expected competition, technological
change, litigation and supervisory developments, among other factors, may
have a material adverse effect on costs and revenue development. Further,
an economic downturn in Europe or North America, and changes in exchange
and interest rates, may also have an impact on our business development and
availability of capital under favorable conditions. If these or other risks
and uncertainties materialize, or if the assumptions underlying any of
these statements prove incorrect, Deutsche Telekom’s actual results may be
materially different from those expressed or implied by such statements.
Deutsche Telekom can offer no assurance that its expectations or targets
will be achieved. Deutsche Telekom does not assume any obligation to update
forward-looking statements to take new information or future events into
account or otherwise.
17.03.2008 Financial News transmitted by DGAP

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Language: English
Issuer: Deutsche Telekom AG
Friedrich Ebert Allee 140
53113 Bonn
Deutschland
Phone: +49 (0)228 181-88880
Fax: +49 (0)228 181-88899
E-mail: investor.relations@telekom.de
Internet: www.telekom.com
ISIN: DE0005557508
WKN: 555750
Indices: DAX, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Hannover, Düsseldorf, Stuttgart, München, Hamburg;
Terminbörse EUREX; Foreign Exchange(s) Amsterdam, London,
Nasdaq EUROPE, NYSE, Tokyo

End of News DGAP News-Service

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