The Agreement

AT&T Wireless today announced it has signed an agreement to jointly sell with Verizon Communications Inc. a 49 percent interest in Eurotel Bratislava to Slovak Telecom. Financial terms of the agreement were not disclosed. Once closed, the agreement will give Slovak Telecom full ownership and control of Eurotel Bratislava. Closing is expected in late 2004 and is subject to regulatory approvals. AT&T Wireless holds its interest in Eurotel Bratislava through Atlantic West B.V., a holding company jointly owned with Verizon Communications. Together the companies own 49 percent of Eurotel Bratislava. Slovak Telecom has owned the remaining 51 percent.