'We are continuing our revenue growth strategy, group total revenues rose by 3.5% on a reported basis in the third quarter, and we see operational improvement in almost all our markets. These developments are reflected in an increase of free cash flow. In addition to that we have been setting the course for the future: in this quarter our subsidiary A1 Digital acquired a majority stake in the Swiss cloud provider Exoscale and is now able to offer cloud-based services over this platform.

A local branch was also opened in Munich/Germany. This strengthens A1 Digital as a strong regional player operating under EU law. In order to boost our brand profile and have one strong unified market presence we decided to harmonise our brands within the Group and to roll out 'A1' in a gradual manner. Given all these developments, our expectation of growth in Group revenues in the year 2017 is increased to approximately 3% on a reported basis.'

Detailed information can be found in the earnings release: https://www.telekomaustria.com/en/newsroom/ir-news

Telekom Austria AG published this content on 24 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 October 2017 19:07:03 UTC.

Original documenthttps://www.telekomaustria.com/en/newsroom/2017-10-24-third-quarter-2017-results-above-market-expectations-strong-growth-continued

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