TA chairman calls for revised dividend policy

News General Austria 28 NOV 2011
TA chairman calls for revised dividend policy
Telekom Austria Group supervisory board chairman Walter Hotz does not see any problems with investor Ronny Pecik acquiring a stake in the company, APA reports. However, he insists that the government's 28 percent stake in the company must not be diluted any further, and that the company must revise its dividend policy. In an interview, Hotz said that the dividend payment is no longer affordable. The company recently confirmed plans to pay a dividend of EUR 0.76 per share for 2011 and 2012.

Categories:

General

Companies:

Telekom Austria Group

Countries:

Austria

Tags:

Company, Services, Market, Financial figures, Shareholders & subsidiaries, Corporate, Finance, Government policy, M&A buyouts & divestments

Related Articles

AUSTRIA 23 FEB 2012

Telekom Austria forecasts stable results in 2012

Telekom Austria's net loss widened to EUR 321.5 million in the fourth quarter, from EUR 61.3 million a year earlier, due to charges to account for hyperinflation at its operations in Belarus. The operator's revenues fell 4.7 percent year-on-year to EUR 1.12 billion, and adjusted EBITDA dropped 4.7 percent as well, to EUR 336.9 million. Excluding currency effects and the hyperinflation accounting in Belarus, Telekom Austria said revenues were up 3.9 percent. With the difficult economic environment expected t

AUSTRIA 5 DEC 2011

Pecik could sell Telekom Austria stake to Telenor - report

Austrian investor Ronnie Pecik is trying to sell off his (in)direct stake in Telekom Austria of more than 15 percent to Russian telecom concerns, according to Austrian magazine Format citing e-mails from Russian mobile operator Vimpelcom. But Vimpelcom and Russian technology group Sistema are not interested. At the same time, sources told Format that Pecik has signed a preliminary agreement with Norway-based telecommunications group Telenor, but currently Pecik has a too small stake for Telenor's needs: 15

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.