Magyar Telekom (Reuters: NYSE: MTA.N,
BÉT: MTEL.BU and Bloomberg: NYSE: MTA
US, BÉT: MTELEKOM HB), the leading Hungarian telecommunications service
provider, announces that the Board of Directors has reviewed the 2008 annual
reports of Magyar Telekom Plc. prepared in accordance with Hungarian Accounting
Rules (HAR), and those of Magyar
Telekom Group prepared in accordance with IFRS,
and proposes them for approval to the Annual General Meeting. The Board of Directors
also proposes a dividend payment of HUF
74 per share (par value HUF 100) for
the financial year 2008 for approval to the Annual General Meeting.
Investor Releases
2009. 02. 24. 13:30:00
Budapest,
The proposed dividend level of HUF 74 per share is in line with Magyar Telekom’s dividend policy of maintaining its net debt ratio (net debt to net debt plus total equity) within the targeted range of 30-40%, while also reflecting the Group’s solid financial position and strong cash flow generation in 2008.
Magyar Telekom will hold its Annual General Meeting on the 2ndth
This investor news contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore should not have undue reliance placed upon them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Such factors are described in, among other things, our Annual Report on Form 20-F for the year ended December 31, 2007 filed with the U.S. Securities and Exchange Commission.
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