Telekom Austria AG — M&A Activity 2001

Jul 13, 2001

News Details

Ad-hoc | 13 July 2001 08:35

Telekom Austria AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Telekom Austria’s Subsidiary Mobilkom Austria Acquires a 49% Stake in paybox austria AG Vienna, Austria, July 13, 2001 – Mobilkom Austria, the mobile subsidiary of Telekom Austria (VSE:TKA; NYSE:TKA) and paybox austria AG announced today that they have agreed to join forces in a strategic partnership with a capital share: Mobilkom Austria will acquire a 49% stake in paybox austria AG. With this stake in paybox austria, Mobilkom Austria is investing in the leading European payment method, m-commerce, gaining an important competition advantage. Paybox austria’s method allows payment via mobile telephone for 6.5 million Austrians. It also gives rise to potential synergies in the Southern European area for Mobilkom Austria from the international orientation of the paybox austria’s German parent company paybox.net. Enquiries: Telekom Austria AG Josef Kerekes Investor Relations Tel. +43-59059-1-22177 E-Mail: josef.kerekes@telekom.at end of ad hoc announcement (c) DGAP 13.07.2001 ——————————————————————————– WKN: 072000; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Düsseldorf, Frankfurt, München, Stuttgart 130835 Jul 01