e6vk
FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT DECEMBER 5
Telekom Austria AG
(Exact name of Registrant as specified in its charter)
Telekom Austria, Incorporated
(Translation of Registrants name into English)
Lassallestrasse 9
1020 Vienna, Austria
(011) 43 590-5910
(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F:]
[Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act of
1934.]
[If Yes is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b):] Not applicable
Shareholder Information
Telekom Austria Group Submitted the Second Highest Bid in the Tender for Telekom Srpske
(Ad-hoc)
Vienna, December 5, 2006: The Directorate of Privatizations of the Republic of Srpska today
announced the results of the first phase of privatization of a 65% stake in Telekom Srpske, the
second largest fixed line, mobile and Internet service provider in Bosnia and Herzegovina. The
Telekom Austria Group (VSE: TKA, NYSE: TKA) submitted a lower bid than its only competitor.
Following todays announcement the Directorate invited the higher bidder to negotiate transaction
documentation, a process which will take a maximum of one month. The Telekom Austria Group will
continue to closely monitor the outcome of the negotiations and is prepared to start negotiating
with the Directorate if the negotiations with the higher bidder fail.
Boris Nemsic, CEO of the Telekom Austria Group and CEO mobilkom austria said: The outcome of the
tender so far is disappointing for us, however, we are committed to deploy our capital and
resources in the region in the most efficient way to create value for our shareholders. We expect
other opportunities to arise in Bosnia and Herzegovina in the near future and we will continue to
evaluate projects in our target region.
Stefano Colombo, Chief Financial Officer of the Telekom Austria Group added: The current result of
the tender leaves us with financial flexibility to pursue other attractive opportunities in the
region. We are also constantly reviewing our shareholder remuneration policy to ensure that our
shareholders receive attractive return on their capital. As previously announced we will update the
cash use policy in spring 2007.
Contacts:
Peter Zydek
Head of Investor Relations
Telekom Austria Group
Tel.: +43 (0) 590591-19001
E-Mail: peter.zydek@telekom.at
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
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TELEKOM AUSTRIA AG |
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By: |
/s/ Boris Nemsic |
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Name: Boris Nemsic
Title: Chief Executive Officer |
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By: |
/s/ Stefano Colombo |
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Name: Stefano Colombo
Title: Chief Financial Officer |
Date: December 5, 2006 |
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