Magyar Telekom plans to pay no dividend

MNB

Hungarian telecommunication service provider Magyar Telekom, the subsidiary of German giant Deutsche Telekom, said today it expects to pay no dividend from its 2014 results, based on information available to date and its current plans.

Based on its dividend policy of keeping its net debt ratio (net debt to total capital) between 30% and 40%, its financial position and the current operating and business environment, the company does not believe it will be in a position to pay dividends from its 2014 results.

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