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Press release

Swisscom and ÖIAG end talks

19 August 2004

Swisscom AG and ÖIAG have ended their talks about a possible merger between Swisscom and Telekom Austria AG. Both parties agree on the advantages of a possible merger. Under the current circumstances, however, they do not consider it possible to find a solution that would serve the interests of all concerned. As a result, Swisscom will not make an offer to the shareholders of Telekom Austria.

Berne, 19 August 2004

Kontakt

Swisscom AG
Media Relations
3050 Bern

media@swisscom.com