Magyar Telekom
(Reuters: MTEL.BU and Bloomberg: MTELEKOM HB), the leading Hungarian
telecommunications service provider, announces
that the Board of Directors has reviewed the 2010 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
50 per share for the financial year 2010 for approval to the Annual General
Meeting.
Investor Releases
2011. 02. 24. 13:00:30
The proposed
dividend level of HUF 50 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%. At the same time, it reflects the Group’s financial position and cash
flow generation in 2010, as well as the impact of the
special tax levied on the Hungarian telecommunications sector.
Magyar Telekom will
hold its Annual General Meeting on 12ththth
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, 2009 filed with the U.S. Securities and Exchange Commission.
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