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.

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