Telekom Austria AG — Earnings Release 2002

Dec 18, 2001

News Details

Ad-hoc | 18 December 2001 16:37

Telekom Austria AG english

Telekom Austria Group: Supervisory Board Approves Budget for 2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Vienna, December 18, 2001: The supervisory board of Telekom Austria today approved the budget for 2002. EBITDA is expected to improve in both the wireline and mobile businesses, although at lower growth rates than those seen in 2001. Wireline includes the fixed line, data communications and the internet business segments. The main headlines for the expected development in 2002 are: – Wireline: Further cost cutting is expected to lead to higher EBITDA. The decline in market shares is expected to plateau next year. – Mobile: The continuing operating improvement of the international business is expected to offset the impact of reduced interconnection rates and the anticipated entry of a new operator in Austria. As a result of the foregoing, Telekom Austria is aiming to improve margin at the level of total managed group EBITDA for the year ended December 31, 2002. For 2001 the board of Telekom Austria reiterates earlier statements that total managed group EBITDA is expected to reach at least EUR 1.4bn. Contact: Telekom Austria AG Hans Fruhmann Investor Relations +43-59059-1-20919 end of ad-hoc-announcement (c)DGAP 18.12.2001 ——————————————————————————– WKN: 072000; ISIN: AT0000720008; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Düsseldorf, Frankfurt, München, Stuttgart 181637 Dez 01