Telekom Austria Analyzes Serbian M&A

Telekom Austria Group analyzes requirements of the Serbian government

March 29, 2011

1 Min Read

VIENNA -- On March 21, 2011 the Telekom Austria Group has submitted a conditional bid in the tender process for the sale of a 51% stake in Telekom Srbija a.d., the incumbent telecommunication operator of the Republic of Serbia. As mentioned in our press release of March 21, the conditional offer is – amongst others - dependent on Serbian merger control clearance for market consolidation and subject to negotiations with the government about certain value creating conditions.

The Telekom Austria Group has been invited today by the Serbian government to complete the conditional bid and adjust it to comply with the requirements as outlined in the tender document within the next 15 day.

The Telekom Austria Group will now analyze these requirements in detail.

Telekom Austria AG (NYSE: TKA; Vienna: TKA)

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