Investor Presentaiton
Attractive Asset in a Stable Environment in
Telekom Austria's Target Region
Growth Strategy - Target Region
Czech Rep.
Slovakia
Austria
Hungary
Romania
Slovenia
Croatia
BiH
Serbia
Bulgaria
Mtel
Montenegro Kosovo
Macedonia
Albania
Identified target region provides mobilkom
austria group with significant growth
opportunities
Acquisition of the call option for Mobiltel is
a further step in implementing Telekom
Austria Group's strategy
Macroeconomic Stability(1)
Improved credit ratings: since June 2004 the country is rated
investment grade for the first time (S&P: BBB- stable outlook)
Significant real GDP growth of 4-5% p.a. (2003: 4.3%)
Bulgarian Lev pegged to Euro at 1.96 LEV/EUR
Foreign indebtedness down from 105% of GDP ('97) to 46% ('03)
Accession to the EU expected for 2007
Attractive Mobile Market(1)
Mobile penetration (51.8% in 1H 2004)
2 major mobile providers (GSM): - Mobiltel (67.0% market share),
- Globul (31.4% market share)
Currently 3rd operator has analogue network only
3 UMTS licenses are expected to be granted in 2005
Mobiltel Well Positioned (1)
Dominant market share
2.75 million subscribers as of June 30, 2004 (36.4% post-paid)
Strong brands (Mtel and Prima)
Strong profitability - EBITDA margin of 63% in 2003
Blended ARPU of EUR 13.1 in 1H 2004
High quality GSM 900/1800 network
(1)
All data refers to 1H 2004 unless otherwise stated.
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