MTel CAPEX reaches HUF 60 bln in Q1-Q3
Magyar Telekom spent about HUF 60 bln of its annual targeted CAPEX of HUF 105 bln in Q1-Q3, CFO János Szabó said on Thursday, a day after the telco released an earnings report.
MTel has accelerated the development of its broadband fixed line network, but most of the work still remains to be done, Szabó said. MTel aims to connect a further 300,000 households to the network by year-end, he added.
Szabó confirmed that the companyʼs financial results and improved free cash flow generation would make payment of a dividend on this yearʼs earnings possible.
Earlier, MTel suggested shareholders could get a dividend of at least HUF 15 per share.
Responding to a question, Szabó said the EU plans to scrap roaming fees in 2017 would not have a noticeable effect on MTelʼs business in the short term and was not expected to affect its long-term plans either.
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.