Vienna, January 3, 2013 - The Telekom Austria Group (VSE: TKA, OTC US: TKAGY) today announced the completion of the acquisition of YESSS! Telekommunikation GmbH ("YESSS!"). The transaction closed after a long approval process and the clearing by all authorities involved. On 27 November 2012 the Austrian Cartel Court approved the proposed acquisition of YESSS! by Telekom Austria Group without conditions; the approval decision became legally binding on 21 December 2012. After fulfillment of all conditions, in particular closing of the indirect acquisition of Orange Austria by Hutchison 3G Austria Holdings GmbH, the closing of the transaction and the payment of the purchase price occurred today.

"We are very happy to welcome all the customers of YESSS! to Austria's best network", said Hannes Ametsreiter, CEO of Telekom Austria Group and A1. "With this transaction we are able to strengthen our position as the market leader in Austria and can now put all our focus on rolling out the next generation mobile network (LTE)", continued Ametsreiter.

The A1 LTE network already covers all major cities and therefore one third of the Austrian population.

On 3 February 2012 Telekom Austria Group announced that it had agreed to acquire frequencies, base station sites, the mobile phone provider YESSS!, as well as certain intellectual property rights currently owned by Orange Austria, for a total amount of up to EUR 390.0 million. The acquisition of the intellectual property rights for the "One" brand was also completed today. The closing of the acquisition of the other assets will follow gradually.

distributed by