MakTel to pay Magyar Telekom HUF 16.7 bln dividend

Telco

Magyar Telekom on Wednesday said it is entitled indirectly to a Macedonian denar 3.49 billion (HUF 16.7 billion) dividend from its Macedonian unit MakTel under a decision taken at a shareholders meeting.

MakTel shareholders approved a dividend of Macedonian denar 6.16 billion (HUF 29.5 billion), or all of 2011 profits, at the meeting.

Magyar Telekom holds its stake in MakTel through wholly-owned unit Stonebridge Communications.

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