Investor News

Budapest, June 6, 2016 20:30

Magyar Telekom (Reuters: MTEL.BU and Bloomberg: MTELEKOM HB, hereinafter the “Company”), the leading Hungarian telecommunications service provider, announces that its subsidiary, Crnogorski Telekom A.D. Podgorica, held its Shareholders Assembly on May 31, 2016 and made a decision on a total dividend payment of EUR 19.2 million (around HUF 6.0 billion at the May 31, 2016 HUF/EUR exchange rate of 313.61) for the financial year 2015.

According to Montenegrin Accounting Standards, Crnogorski Telekom recorded a net income of EUR 15.9 million for 2015. In line with the decision of the Shareholders Assembly, the total amount of the net income and in addition EUR 3.4 million of retained earnings shall be distributed as dividends. Magyar Telekom, which has a 76.53% stake in the company, is entitled to a dividend payment of approximately EUR 14.7 million (HUF 4.6 billion).

 

This investor news may contain 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 Reports for the year ended December 31, 2015 available on our website at https://www.telekom.hu.