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General

Magyar Telekom expects rising dividend payments

Friday 5 June 2015 | 11:21 CET | News
Hungarian operator Magyar Telekom expects rising dividend payments for the next three years, with management committed to paying at least HUF 15 a share on its 2015 results, the company told Reuters. It said that the goal is to reach at least HUF 50 billion in free cashflow by 2017. The company added that revenue, free cashflow and EBITDA guidance for 2015 were based on the utility tax remaining unchanged. Magyar Telekom expects no revenue growth this year compared with 2014 levels, having said it will withdraw from the residential gas supply market in August, due to regulatory changes.

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Categories: General
Companies: Magyar Telekom
Countries: Hungary
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