Release of 15.04.2014

Telekom Austria Group’s Bulgarian subsidiary has prolonged 900-MHz and 1800-MHz spectrum for EUR 30.6 million

Today the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announces that its Bulgarian subsidiary Mobiltel has prolonged its existing 2 x 11.2 MHz in the 900-MHz spectrum band and 2 x 10 MHz in the 1800-MHz spectrum band for a total amount of EUR 30.6 million. The allocated spectrum remains the same.

In addition to the one-off prolongation cost, Mobiltel must pay an annual spectrum fee of EUR 2.2 million, which remains unchanged. The spectrum has a maturity of 10 years until 8 June 2024. The terms of the prolongation were set by the Communications Regulation Commission (CRC).


Disclaimer for forward-looking statements:
This document contains forward-looking statements. These forward-looking statements are usually accompanied by words such as "believe", "intend", "anticipate", "plan", "expect" and similar expressions. Actual events may differ materially from those anticipated in these forward-looking statements as a result of a number of factors. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statement. Neither A1 Telekom Austria Group nor any other person accepts any liability for any such forward-looking statements. A1 Telekom Austria Group will not update these forward-looking statements, whether due to changed factual circumstances, changes in assumptions or expectations. This report does not constitute a recommendation or invitation to purchase or sell securities of A1 Telekom Austria Group.

link Related