Press Releases

Budapest, June 17, 2009 14:30

Magyar Telekom's Montenegrin subsidiary Crnogorski Telekom AD held an Extraordinary General Meeting today in Podgorica and made a decision on a total extraordinary dividend payment of EUR 50 million (HUF 14.1 billion at the 16 June, 2009 HUF/EUR exchange rate of 281.0).

Based on today's Extraordinary General Meeting decision, Crnogorski Telekom is paying out EUR 50 million extraordinary dividend to its shareholders. The dividend will be paid out of retained earnings which were EUR 66.3 million at the end of April 2009, according to Montenegrin Accounting Standards. Magyar Telekom, which has a 76.53% stake in the company, is entitled to an extraordinary dividend payment of approximately EUR 38.3 million (HUF 10.8 billion).