Polish pay-TV provider Cyfrowy Polsat has announced plans to start paying a dividend. From 2014, the company proposed paying out 33-66 percent of net profit as dividends. The group's net debt would need to be less than 2.5 times EBITDA to allow the payment. The proposal comes as Cyfrowy Polsat is facing resistance from key shareholders over its plans to issue shares to finance the takeover of mobile operator Polkomtel, owned by the same controlling shareholder as the pay-TV provider, Polish businessman Zygmunt Solorz-Zak. An earlier shareholders meeting on the share issue was adjourned until 23 January at the request of certain shareholders. On 23 January, the meeting was again adjourned until the following day. Separately, Cyfrowy Polsat announced that it has received agreements from certain shareholders in Metelem, Polkomtel's holding company, that they would not sell the CP shares received for at least a year.
