Release of 01.08.2023

Telekom Austria: General Assembly resolves spin-off of cell tower business

In today`s extraordinary General Assembly the shareholders of Telekom Austria Group have decided to spin off the cell tower business to the newly founded EuroTeleSites AG. For every four Telekom Austria shares, the shareholders will receive one EuroTeleSites share. The demerger is expected to be implemented in autumn 2023. The EuroTeleSites shares are expected to be listed on the official market of the Vienna Stock Exchange shortly thereafter.

About A1 Telekom Austria Group
A1 Telekom Austria Group, listed on the Vienna Stock Exchange, is a leading provider of digital services and communications solutions in Central and Eastern Europe with around 26 million customers, currently operating in seven countries under the brand A1: Austria, Bulgaria, Croatia, Belarus, Slovenia, the Republic of North Macedonia and the Republic of Serbia.

Offering communications, payment and entertainment services as well as integrated business solutions, A1 Telekom Austria Group achieved revenues of 4.75 billion Euros by year end 2021. Around 18,000 employees and state of the art broadband infrastructure make digital business and lifestyle possible and enable people, companies and things to connect everywhere anytime. As European unit of América Móvil, one of the largest wireless services provider in the world, A1 Telekom Austria Group is headquartered in Vienna and gives access to global solutions.