Magyar Telekom Macedonian unit to pay HUF 28 bln in dividends

Telco

Magyar Telekom's 100%-owned Macedonian unit, Makedonski Telekom (MakTel), decided to pay 5.6 billion denars in dividends on 2012 profit at its Friday annual general meeting, Magyar Telekom announced on Friday. The dividend is worth about HUF 28 billion at current exchange rates. Of the dividend, 3.2 billion denars is due toStonebridge Communications AD Skopje, a fully owned Magyar Telekom unit, which is being wound up. Stonebridge Communications holds 51.0% of Maktel shares, the Macedonian government owns 34.8% and World Bank unit IFC holds 1.88%. Magyar Telekom is an A-category issuer at the Budapest Stock Exchange.

ADVERTISEMENT

PMI rises to 57 in June Analysis

PMI rises to 57 in June

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

MNB and Budapest Institute of Banking executive director Ger... Podcasts

MNB and Budapest Institute of Banking executive director Ger...

FINA head thanks Hungary for hosting 2022 worlds City

FINA head thanks Hungary for hosting 2022 worlds

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.