Magyar
Telekom’s Board of Directors has reviewed the 2007 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 for the financial year 2007 for approval to the Annual
General Meeting.
Magyar Telekom announces proposed dividend for 2007 earnings
2008. 03. 18. 13:00:00
Budapest,
The proposed dividend level of HUF 74 per share (par value HUF 100) for
the 2007 financial year reflects the Group’s solid financial position
and strong cash flow generation in 2007. In line with its dividend
policy, Magyar Telekom’s focus going forward remains on finding value
accretive acquisition opportunities while maintaining its net debt
ratio (net debt to net debt plus total equity) in the targeted band of
30-40%.
Magyar Telekom will hold its Annual General Meeting on April 25, 2008.
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